Kathmandu, Aug. 21
Esewa Money
Transfer has entered into an agreement with Enjaz Payment Services Company, one
of the leading financial companies in Saudi Arabia. EMT is a remittance company
under F1Soft Group which has been providing remittance services to Nepal from
more than 200 countries across the world.
With this agreement, Nepalis living and working in Saudi
Arabia can send remittances to Nepal through any of the 150 Enjaz Payment branches
or using Enjaz App POS, Kiosks and web channels, EMT said in a statement on
Monday.
Meanwhile, the beneficiaries in Nepal can receive
remittances from more than 13,800 dedicated remit agents, 100,000 plus cash
pick-up enabled wallet agent locations of Esewa Money Transfer, all major banks
and financial institutions along with their branches. Furthermore, this agreement
gives Enjaz access to 7.5 million users of the eSewa wallet for direct
remittance load to the wallet.
Chief Executive Officer of Enjaz, Khalid Al Zain said, “We
understand that Esewa Money Transfer is not just a standalone remittance
company but a part of F1Soft Group that has institutionalized the digital
payments ecosystem in Nepal through various groundbreaking fintech initiatives.
We look forward to working closely with EMT to provide transformative
remittance services to the Nepali migrant population in Saudi Arabia and their
families back home in Nepal.”
Speaking on the occasion, F1Soft
Group’s Global Group President, Biswas Dhakal, said that the company hopes to see tremendous
growth opportunities in its mission to support a significant number of Nepalis
working in Saudi Arabia by leveraging on Enjaz’s extensive network in physical
as well as digital channels.
Published in The Rising Nepal daily on 22 August 2023.
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