Esewa Money Transfer, the fastest-growing digital-first remittance company under F1Soft Group, has entered into an agreement with Enjaz Payment Services Company, one of the leading financial companies in Saudi Arabia, to facilitate remittance services for Nepalis migrant workers.

The agreement was signed in Riyadh.

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.

Meanwhile, the beneficiaries in Nepal can receive remittances from more than 13,800 dedicated remit agents, 100,000 cash pick-up enabled wallet agent locations of Esewa Money Transfer, and 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.

Amid the signing ceremony, CEO of Enjaz Khalid Al Zain stated, “We understand that Esewa Money Transfer is not just a standalone remittance company but a part of F1Soft Group that has institutionalised the digital payments ecosystem in Nepal through various groundbreaking fintech initiatives.”

“Being a payment company with a deep-rooted belief in innovation and service excellence, we look forward to working closely with Esewa Money Transfer to provide transformative remittance services to the Nepali migrant population in Saudi Arabia and their families back home in Nepal.”

On the same occasion, F1Soft Group’s Global Group President Biswas Dhakal stated, “We are extremely delighted to be working with such a prestigious institution like Enjaz and see tremendous growth opportunities in our mission to support a significant number of Nepalis working in Saudi Arabia by leveraging on Enjaz’s extensive network, physical as well as digital channels.”

Esewa Money Transfer has been providing remittance services to Nepal from more than 200 countries across the world. Enjaz Payment Services Company is a leading Fintech company licenced by the Saudi Central Bank to cater financial services via the most advanced Fintech methodology in the market.