Saudi firm with Transfast to launch remittance services

A Saudi-based bank has partnered with a leading online money transfer firm to launch remittance services for the Indian community in the Kingdom that will allow direct transfer of money to bank accounts.
Enjaz, the remittance arm of Bank Albilad that offers remittance service in Saudi Arabia, has announced a strategic partnership with Transfast.
Beneficiaries or 'receivers' may claim the funds from vast network of Transfast and their pay-out agents.
Bank Albilad CEO Khalid AlJasser said this partnership will provide different remittance services to the Indian community in Saudi Arabia.
"Now, our clients have the option to send money directly to a bank account, in addition, their loved one can receive their money instantly through any of Transfast pay-out agents network," he said.

Transfast CEO Samish Kumar said: "We are very pleased to partner with Bank AlBilad Enjaz's easy-to-access network for the Indian community, offering a way to send money in local currency directly to the beneficiary's account 24/7, with more than 45,000 approved pay-out agents."
"We have full confidence that Enjaz clients will enjoy our flexible, cost-effective and high quality services that we provide," he said.