logo

Careem Pay launches international money transfers to Jordan

Finextra6 days ago

Careem Pay, the digital payments platform within the Careem app, expands its remittance service to Jordan, allowing UAE residents to send money directly to bank accounts in Jordan quickly and at competitive rates.
0
Careem Pay facilitates money transfers to some of the largest remittance corridors in the world, including India, Pakistan, the UK, Europe, the Philippines, Lebanon, and Egypt, providing a quick and simple way to support families, manage finances, or contribute to investments abroad.
The UAE is home to a large Jordanian expat population, making Jordan one of the top recipients of remittances from the UAE. In recent years, annual remittances from the UAE to Jordan have exceeded USD 1 billion.
Mohammad El Saadi, VP of Careem Pay, commented: 'Sending money home is one of the most meaningful things our customers do with Careem Pay. For many Jordanian expats, it's about supporting loved ones, covering school fees, or helping parents with everyday expenses. We wanted to make that process simpler, faster, and more affordable.'
The launch comes in time for Arafah Day and Eid Al Adha, when international money transfers from the UAE typically see a spike as people increase financial support to their families abroad for charitable purposes and Eid preparations.
To celebrate the launch, first-time remittance users enjoy zero fees on their first two transfers to Jordan. Repeat customers can send up to AED 25,000 per transaction, with a fixed AED 10 fee on all transfers. Careem Plus members benefit from even greater savings, with zero fees on transfers above AED 1,500 and reduced fees on smaller amounts.
Careem Pay's transfers to Jordan are completed within 24 hours on average, offering a speed that rivals traditional exchange houses. The service supports transfers in Jordanian Dinars directly via bank transfer to any valid IBAN.
Careem Plus subscribers benefit from a wide range of exclusive perks across Careem services, including discounted rides, free delivery on food and groceries, and zero-fee remittance on eligible transfers.
To send money to Jordan or any of the other available corridors, download the latest version of the Careem app and select 'Send Money' on the home screen.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

OPEC+'s crude output hike comes amid tepid Asian oil demand: Russell
OPEC+'s crude output hike comes amid tepid Asian oil demand: Russell

Reuters

timean hour ago

  • Reuters

OPEC+'s crude output hike comes amid tepid Asian oil demand: Russell

LAUNCESTON, Australia, June 2 (Reuters) - The crude oil market devotes considerable energy to what OPEC+ says, but perhaps a little less to what it actually does when it comes to the supply of the world's most important commodity. The eight members of the wider group that had implemented voluntary production cuts met at the weekend and decided to raise output by 411,000 barrels per day (bpd) in July, the third straight month of the same increase. More than half of the lift in output will be split among the big three of the OPEC+ group, namely Saudi Arabia, Russia and the United Arab Emirates. However, there are two questions that need answering. Firstly, will the eight members party to the agreement actually increase output by the agreed volumes, and secondly, if they do will they find buyers for the additional oil? A point worth noting is that OPEC+, and much of the wider market, talk in terms of production, but the more important metric is export volumes, as it's the amount of crude flowing around the globe that sets the price and the supply-demand balance. The group's top producer, Saudi Arabia, actually saw weaker exports in April of 5.75 million bpd, down from March's 5.80 million bpd, according to data complied by commodity analysts Kpler. Saudi Arabia's exports kicked up to 6.0 million bpd in May, the Kpler data showed, and are expected to rise even further in June, suggesting that there is a lag between output agreements and actual exports. Russia's seaborne exports of crude were 5.07 million bpd in March, remained largely flat at 5.12 million bpd in April and then dipped to 4.82 million in April, showing that the agreed increase in output didn't translate into higher shipments. The question still remains as to whether any additional oil is actually needed, especially in the top-importing region Asia. In the statement after the May 31 meeting, OPEC+ reiterated its view that the global oil market has "healthy" fundamentals "as reflected in low inventories." This is the position they have held since they started easing the 2.2 million bpd of voluntary production cuts in April. However, the Organization of the Petroleum Exporting Countries monthly report for May showed crude inventories in the developed world rose in March by 21.4 million barrels to 1.323 billion barrels, which is 139 million barrels less than the average from 2015-2019. In other words, inventories in the Organisation for Economic Cooperation and Development are slightly below the pre-COVID average, and are were already rising before OPEC+ started raising output. Inventories outside the OECD are less visible, and especially in China, the world's largest crude oil importer. Even though China doesn't disclose commercial and strategic stockpiles, the amount of surplus crude can be estimated by subtracting the volumes processed by refiners from the total available from domestic output and inventories. On this basis, China's surplus oil has surged in recent months, hitting 1.98 million bpd in April, the most since June 2023, and up from 1.74 million bpd in March. China increased oil imports in March and April as it secured discounted cargoes from Iran and Russia. But it appears that China's appetite for crude eased in May, despite the lower global prices. China's seaborne imports are estimated at 9.43 million bpd in May by Kpler, down from 10.46 million bpd in April and 10.45 million bpd in March. China's weaker appetite in May contributed to a drop in arrivals in Asia, the world's top-importing region, with Kpler estimating 24.2 million bpd, down from 24.85 million bpd in April. For the first five months of the year, Asia's seaborne crude imports are estimated at 24.45 million bpd, down 320,000 bpd from the same period in 2024. This means that despite the near 30% drop in global crude benchmark Brent futures between mid-January and the low so far this year of $58.50 a barrel on May 5, Asia's demand for oil hasn't increased. So far the impact of lower prices has been muted, and while demand may yet rise in coming months in response to cheaper oil, it's also possible that the economic uncertainty unleashed by U.S. President Donald Trump's trade war is crimping fuel consumption. Brent futures gained on Monday by more than $1 to $63.84 a barrel. The gain in prices suggests that the market had been expecting a larger output increase from the OPEC+ group of eight for July. There remains a high degree of uncertainty for the demand outlook, given the distortions being created by the Trump trade war. But there is also uncertainty over the supply outlook and questions as to whether OPEC+'s top producers will increase export volumes and seek market share over prices. The views expressed here are those of the author, a columnist for Reuters.

Zinedine Zidane 'turns down £84MILLION offer to return to management' - after the former Real Madrid boss revealed he's holding out for his 'dream' role
Zinedine Zidane 'turns down £84MILLION offer to return to management' - after the former Real Madrid boss revealed he's holding out for his 'dream' role

Daily Mail​

time14 hours ago

  • Daily Mail​

Zinedine Zidane 'turns down £84MILLION offer to return to management' - after the former Real Madrid boss revealed he's holding out for his 'dream' role

Zinedine Zidane has reportedly turned down a one-year contract worth £84million to manage in Saudi Arabia. After calling time on his legendary playing career following the World Cup final in 2006, Zidane spent some time away from the sport before returning to Real Madrid to embark on a career in coaching. After cutting his teeth during an 18-month spell in charge of the club's reserve team Zidane would take the top job in January 2016 following the dismissal of Rafa Benítez. The Frenchman proved to be an instant success in the dugout, winning three consecutive Champions League trophies, an unprecedented feat in the modern era. However, after a second stint in charge of the club came to an end in 2021 Zidane has yet to take on another managerial position. And according to a report from L'Equipe, it is not due to a lack of suitors. A report from the French outlet claimed Zidane has been offered €100m (£84.3m) to take charge of Saudi Pro League side Al-Hilal. The club have been without a permanent manager since parting ways with Jorge Jesus in May, and are on the lookout for a new boss with the revamped Club World Cup on the horizon. Following Zidane's refusal, the club are said to be nearing a deal to appoint Inter boss Simone Inzaghi following the Italian's defeat in the Champions League final on Saturday. Zidane's decision not to take the Al-Hilal job is said to stem from his intention to succeed Didier Deschamps as the manager of the French national team. Deschamps announced earlier this year that he would step down from the role after more than a decade in charge following the 2026 World Cup. And speaking this week Zidane firmly put himself forward to be Deschamps' successor. 'I feel legitimate in the France team,' he said. '[It is] where I played and spent almost twelve, thirteen or fourteen years as a player. Of course, it's a dream, I can't wait.'

Man Utd transfer news LIVE: Red Devils eye Chelsea STAR, Garnacho prefers Premier League switch, Amorim eyes new ‘keeper
Man Utd transfer news LIVE: Red Devils eye Chelsea STAR, Garnacho prefers Premier League switch, Amorim eyes new ‘keeper

The Sun

time19 hours ago

  • The Sun

Man Utd transfer news LIVE: Red Devils eye Chelsea STAR, Garnacho prefers Premier League switch, Amorim eyes new ‘keeper

Saudi club to make huge Fernandes offer Al Hilal are reportedly ready to pay a huge £100million transfer fee for Manchester United skipper Bruno Fernandes. The Portugese playmaker is said to have until the end of May to decide whether or not he wants to join the Saudi Arabian outfit on a whopping £700,000-a-week deal. It comes after Fernandes offered to leave Man Utd following the Europa League final if the club feel it's the right time to cash in on him. Speaking after the 1-0 defeat to Tottenham in Bilbao, he said: "I have always been honest. I've always said I will be here until the club says to me that it's time to go. "I'm eager to do more, to be able to bring the club the great days. "In the day that the club thinks that I'm too much or it's time to part ways, football is like this, you never know it. But I've always said it and I keep my word in the same way. "If the club thinks it's time to part ways because they want to do some cashing in or whatever, it's what it is, and football sometimes is like this."

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store