“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.
Enjaz discloses Bank Albilad as its sponsor bank, according to the Embedded Finance Index 2026.
Enjaz does not disclose a bank charter of its own; its banking services are provided through Bank Albilad.
Enjaz's cards are issued through Paymentology.
Enjaz uses Nium for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 4 layers in Enjaz's stack: Card issuing (Paymentology); Unified APIs (Nium); Sponsor bank (Bank Albilad); FX & payouts (Nium).
Enjaz is headquartered in Saudi Arabia.
Get a read on where your own stack stands against Enjaz and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.