“Can a bank-backed Saudi remittance specialist expand into full-stack digital payments — including card issuing — to capture a larger share of the Kingdom's growing fintech opportunity?”
Enjaz began as the remittance arm of Bank Albilad, focused on physical branch-based international money transfers. The company subsequently digitized its offering through the Enjaz mobile app, partnering with Nium to provide competitive FX rates and instant transfers globally. Most recently, in 2025, Enjaz expanded beyond pure remittance into card issuing by signing an MoU with Paymentology, signalling a broader ambition to become a comprehensive digital payments provider in Saudi Arabia.