Latest news with #CareemPlus
TECHx
5 days ago
- Business
- TECHx
Careem Pay Expands Remittance Service to Jordan
Home » Emerging technologies » Fintech » Careem Pay Expands Remittance Service to Jordan Careem Pay, the digital payments platform within the Careem app, has announced the expansion of its remittance service to Jordan. This new feature allows UAE residents to send money directly to bank accounts in Jordan. According to Careem, transfers are completed within 24 hours on average. The service supports direct bank transfers in Jordanian Dinars to any valid IBAN. This move comes as part of Careem Pay's wider effort to serve some of the world's largest remittance corridors, including India, Pakistan, the UK, Europe, the Philippines, Lebanon, and Egypt. Careem Pay reported that the UAE is home to a large Jordanian expat community. Annual remittances from the UAE to Jordan have exceeded USD 1 billion in recent years. Mohammad El Saadi, VP of Careem Pay, revealed, '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 was timed ahead of Arafah Day and Eid Al Adha. Historically, international money transfers increase during these periods as customers support their families abroad. To mark the launch, Careem Pay introduced limited-time offers: First-time remittance users get 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. Careem Plus members enjoy added benefits. These include zero fees on transfers above AED 1,500 and lower fees on smaller amounts. They also receive exclusive perks across Careem services, such as discounted rides and free delivery on food and groceries. To send money to Jordan or other supported countries, users can download the latest version of the Careem app and select 'Send Money' from the home screen.
Zawya
30-04-2025
- Business
- Zawya
Careem Food launches ‘Meals:On' in Abu Dhabi to simplify solo food orders
Careem Plus members get free delivery, even on low-priced solo orders Abu Dhabi, UAE: Careem announces the launch of 'Meals:On' in Abu Dhabi - a new Careem Food feature designed to simplify solo food orders and make high-quality meal deals more affordable for customers ordering alone. Ordering a solo meal often feels expensive, with a lack of reasonably priced meal bundles. Careem Food's 'Meals:On' solves this by offering a curated selection of complete, high-quality meal deals from top local and international restaurants, all priced under AED 29. Most meals include a main dish, side salad, and drink and can be found in a dedicated section on Careem Food for easy one-tap ordering. Careem's data indicates that over 64% of Careem Food customers in the UAE typically order for one during lunch hours. 'Meals:On' caters to that majority, drawing inspiration from Munch:On, the solo-meal platform Careem acquired in 2022, and has been rebuilt within Careem Food to meet the needs of today's solo diner. Following its Abu Dhabi debut, 'Meals:On' will roll out in Dubai in the coming weeks and expand to include options for two or more people, meal plans, meal scheduling, and bundles for small groups. Jaskaran Singh, VP of Careem Food, commented: 'Our purpose at Careem is to simplify life in the region, and with this launch we're doing just that for solo diners. Whether it's lunch during a busy workday or a quick dinner after hours, customers often feel overwhelmed by the choices and feel like they're paying too much for each meal. Meals:On eliminates that friction by making high-quality, affordable meals available with minimal effort.' Imad El Fay, VP of Growth at Kitopi, added: "We're excited to partner with Careem on the launch of Meals: On to make it easier and more affordable for customers to enjoy great food, especially when ordering for one person. This initiative aligns perfectly with our mission to deliver magical food experiences at scale, and we're proud to feature many of our brands in this curated collection.' Meals:On boats a number of popular Abu Dhabi restaurants including Wagamama, Wingstop, Just Burger, Zaatar w Zeit, Barbar, Papa Johns, Right Bite, Sushi Do, Costa, Allo Beirut, and more. Careem Plus members also enjoy free delivery on Meals:On orders, even if the order value is below AED 30 - a benefit designed specifically for solo meal purchases. Careem Plus members also enjoy benefits across Careem's other services, including exclusive discounts and free delivery on food and grocery orders, up to 50% off dining bills with Careem DineOut, member-only rates on international transfers through Careem Pay, cashback on rides, and more. To try Meals:On, customers in Abu Dhabi can download the latest version of the Careem app and tap on 'Meals:On' under Careem Food. About Careem Careem is building the Everything App for the greater Middle East, making it easier than ever to move around, order food and groceries, manage payments, and more. Careem is led by a powerful purpose to simplify and improve the lives of people and build an awesome organisation that inspires. Since 2012, Careem has created earning opportunities for over 3.5 million Captains, simplified the lives of over 75 million customers, and built a platform for the region's best talent to thrive and for entrepreneurs to scale their businesses. Careem operates in over 70 cities across 10 countries, from Morocco to Pakistan.
Al Anbat News
27-04-2025
- Business
- Al Anbat News
Careem launches 'Supermarkets' on the app in Jordan with Careem Plus benefits
Careem launches "Supermarkets' on the app in Jordan with Careem Plus benefits Amman, Jordan – 27 April 2025: Careem has launched its Supermarket service in Jordan, allowing customers to order groceries from a growing list of local stores directly through the Careem app. Careem Plus subscribers will get free delivery on most supermarket orders. The service is designed to make grocery shopping more convenient by bringing a carefully selected range of supermarket partners onto one platform. Customers can browse, order, and track their groceries, all within the Careem app, with the added confidence of knowing their items are coming from stores known for quality and freshness. The launch is also a step forward in Careem's plan to grow its Supermarket business in Jordan in 2025. By expanding the number of partners and improving the delivery experience, Careem aims to offer customers more choice and better value, while also supporting merchants with access to new customer segments and tools to grow their business. Farah Odeh, GM of Careem in Jordan, commented: "We're excited to bring Supermarkets to the Careem app and give people in Jordan more ways to shop for what they need when they need it. By combining this with Careem Plus benefits, we're making everyday essentials more accessible and affordable, while also creating new opportunities for our merchant partners to grow. Careem will keep expanding with services that matter most to people and make everyday life a little simpler.' Careem launched in Jordan in 2015 and now serves customers in Amman, Irbid, and Zarqa. It has made life easier for millions in Jordan and provided tens of thousands of earning opportunities for Captains. Careem Jordan offers a wide range of services to cater to the diverse needs of its customers including ride-hailing, food delivery, shop delivery, supermarket delivery, Careem DineOut, and customer and corporate on-demand delivery service (Careem Box & Express). Careem Plus is a monthly subscription service that offers exclusive discounts and benefits on Careem services. Customers can access the full range of Careem's services by downloading the latest version of the app from Apple App Store, Google Play, or via direct Android download. -END- About Careem Careem is building the Everything App for the greater Middle East, making it easier than ever to move around, order food and groceries, manage payments, and more. Careem is led by a powerful purpose to simplify and improve the lives of people and build an awesome organization that inspires. Since 2012, Careem has created earning opportunities for over 2.5 million Captains, simplified the lives of over 70 million customers, and built a platform for the region's best talent to thrive and for entrepreneurs to scale their businesses. Careem operates in over 70 cities across 10 countries, from Morocco to Pakistan.
Khaleej Times
01-04-2025
- Business
- Khaleej Times
Rise of super apps: Can the UAE build its own WeChat for finance?
The global financial technology landscape is undergoing a significant transformation, with super apps emerging as powerful digital ecosystems that seamlessly integrate payments, banking, e-commerce, and mobility services. While China's WeChat Pay and Alipay have dominated this space in Asia, and GrabPay and GoTo have gained traction in Southeast Asia, the UAE is now positioning itself as a leading fintech hub with platforms such as Careem Pay, Noon Pay, and YAP leading innovation. According to Chris Skinner, a global fintech expert and author of Digital Bank, said: 'A Super-App is an app ecosystem that allows everyone to put functionality onto the app, enriching its capabilities. The term has emerged from China, where WeChat became one of the first Super-Apps. it is one app to rule them all.' As the UAE's fintech ecosystem evolves, the question arises: Can the country develop its own financial super app, on par with global giants like WeChat Pay? With platforms like Careem Pay and Noon Pay making strides in financial technology, the UAE is on the path to creating an all-encompassing financial ecosystem. However, achieving the level of integration and market penetration that WeChat and Alipay have mastered requires a combination of technological innovation, regulatory alignment, and consumer adoption. 'Apart from many other features of WeChat, one of its key advantages is the widespread acceptance across various merchants and establishments in China and beyond. From small street vendors to large retailers, WeChat Pay has become a ubiquitous payment method, offering users a convenient and cashless way to transact. WeChat Pay also offers several features and functionalities to enhance the user experience and ensure security including fingerprint or facial recognition authentication, transaction notifications, and encryption technologies to protect users' financial information,' says Thibault Alcorani, Co-Founder and CEO at DFC Studio, China. One of the leading contenders in the UAE's race towards a financial super app is Careem Pay, which is already reshaping digital payments and remittances in the region. Beyond remittances, Careem Pay is also integrating subscription-based financial benefits through Careem Plus, where users can enjoy zero-fee remittances and exclusive discounts on financial services. While talking to BTR, Mohammad El Saadi, VP of Careem Pay, said the company's vision is to provide seamless financial solutions that integrate with users' daily lives. 'At Careem, we focus on solving our customers' biggest pain points by building products that simplify their daily life. We started with ride-hailing and expanded into food delivery, groceries, and payments, making Careem an 'Everything App'. With Careem Pay, we are taking this vision further creating a financial ecosystem that empowers users to send money, pay bills, and conduct transactions effortlessly,' he explains. Careem Pay's success has been driven by its approach to financial inclusivity. The platform started with peer-to-peer (P2P) payments and bill payments before expanding into cross-border remittances, addressing one of the most critical financial needs of the UAE's expatriate population. 'The UAE is home to millions of expats who send money back to their families regularly. Traditional remittance services are expensive and slow. Careem Pay enables instant transfers to over 30 corridors, including India, Pakistan, the UK, and Europe. Our rates are 50% lower than banks, and some transactions are completed in as little as 11 seconds,' El Saadi adds. 'We are not just enabling transactions; we are building a holistic financial ecosystem that simplifies life for millions. Careem Pay has successfully tackled key pain points such as affordability, transparency, and speed, making digital payments more accessible to a wide customer base,' said El Saad. Transforming the Global Financial Landscape A super app is a platform that consolidates multiple services — including digital payments — into a single ecosystem. Unlike standalone fintech applications, super apps enhance user engagement and retention by providing seamless access to diverse financial services without requiring users to switch between different platforms. China's WeChat Pay and Alipay have set the benchmark for financial super apps by integrating digital wallets, investment tools, and payment solutions into social media and e-commerce ecosystem with Southeast Asia following the suit with GrabPay and GoTo, embedding financial services within ride-hailing, food delivery, and online shopping apps. Consequently, these apps became the need of people by offering everything at one platform. As one of the UAE's most promising fintech players, Careem Pay is at the forefront of the super app evolution. Originally launched to streamline ride-hailing payments, Careem Pay has rapidly expanded into a comprehensive financial platform offering P2P Money Transfers, Utility and Bill Payments and Cross-Border Remittances. Currently, Careem Pay facilitates transfers to over 30 international corridors, including India, Pakistan, the UK, and Europe. With Egypt as the latest addition, some transactions are processed in as little as 11 seconds. 'We are continuously improving our services, from streamlining cross-border transactions to integrating AI-driven financial tools. Our goal is to create a financial ecosystem that empowers millions of users,' El Saadi. Strengthening the Digital Finance Ecosystem While Careem Pay dominates mobility-linked fintech, Noon Pay and YAP are also making significant contributions to the UAE's financial super app ecosystem: Noon Pay is seamlessly integrating with the Noon e-commerce ecosystem, allowing users to make digital payments for shopping, utility bills, and in-store transactions. YAP, a digital-only financial platform, offers multi-currency wallets, AI-driven budgeting tools, and personalised banking experiences, targeting a growing market of mobile-first banking customers. According to some fintech experts it is believed that the UAE doesn't need to replicate WeChat; it needs to develop its own financial super app tailored to regional market dynamics. Careem Pay, Noon Pay, and YAP are creating an interconnected ecosystem that enhances digital payments and banking services. Opportunities in Developing a Super App While the UAE's fintech sector is expanding rapidly, several challenges like Ecosystem Fragmentation, Regulatory Compliance, and User Trust and Adoption must be addressed. However, the opportunities include: AI-Driven Financial Services: UAE fintechs are integrating AI-powered fraud detection, predictive analytics, and automated financial management tools. Open Finance & API Integrations: Government-backed initiatives supporting API-based financial services will enhance fintech-banking collaborations. Strategic Partnerships: Collaborations between super apps, banks, telecom operators, and retail ecosystems will drive adoption and scalability. A Defining Moment for the UAE's Fintech Future The UAE is making significant progress toward building a WeChat-style financial super app, with platforms like Careem Pay, Noon Pay, and YAP at the helm of innovation. With advanced fintech infrastructure, regulatory support, and a digital-first population, the UAE is poised to become a global leader in financial super apps. As El Saadi concludes: 'The future of fintech in the UAE is bright. Our goal is to go beyond payments and create an all-encompassing financial ecosystem that serves the evolving needs of our customers.' With a strong regulatory framework, high digital adoption rates, and a thriving fintech sector, the UAE is well-positioned to develop an integrated financial super app that enhances both consumer experience and economic growth. The UAE is on track to redefine digital finance and payments in the region and beyond with continuous technological advancements and strategic investments. Key Drivers of the UAE's Financial Super App Evolution Several factors contribute to the UAE's growing potential in developing a super app: Rapid Fintech Innovation and Digital Payments Growth: The UAE's fintech sector is projected to grow at an annual rate of 15%, fueled by mobile-first financial solutions, digital banking services, and AI-driven financial tools. Careem Pay, Noon Pay, and YAP are pioneering innovations in digital wallets, instant remittances, and real-time payments. The UAE-based fintech companies are leveraging AI to enhance fraud detection, personalise user experiences, and automate financial planning. Changing Consumer Habits and Digital Payment Preferences: UAE consumers are increasingly opting for mobile-first payment solutions, with digital wallets now being the preferred method for online transactions. The demand for seamless, one-click payments, instant remittances, and integrated financial services is shaping fintech strategies in the region. Contactless and digital payments now account for over 75% of all transactions in the UAE, signaling a shift toward a cashless economy. Strong Regulatory Support and Open Banking Initiatives: The UAE Central Bank's open finance framework is driving interoperability between fintech firms and traditional banks, fostering an environment where super apps can thrive. Regulatory initiatives such as fintech sandboxes and digital banking licenses are enabling startups and established players to experiment with innovative financial solutions. Dubai and Abu Dhabi's financial free zones - Dubai International Financial Centre and Abu Dhabi Global Market — are accelerating fintech investments and collaborations.
TECHx
11-03-2025
- Business
- TECHx
Careem Pay Expands Remittance Service to Egypt for UAE Residents - TECHx Media Careem Pay Expands Remittance Service to Egypt for UAE Residents
Careem Pay Expands Remittance Service to Egypt for UAE Residents News Desk - Share Careem Pay, the payments platform within the Careem app, has expanded its remittance service to Egypt, allowing UAE residents to send money directly to bank accounts in Egypt quickly and at competitive rates. This move enhances Careem Pay's ability to facilitate transfers to major remittance corridors, including India, Pakistan, the UK, Europe, and the Philippines, offering a simple way to support families, manage finances, or contribute to investments abroad. With a large Egyptian expat community in the UAE, Egypt is one of the top five recipients of remittances from the UAE. The market size for remittances from the UAE to Egypt has been estimated at approximately USD 10 billion in recent years. Mohammad El Saadi, VP of Careem Pay, shared: 'We're excited to expand our money transfer service to an important segment of the UAE population. Many Egyptian expats in the Emirates routinely send money home to support their families or manage personal finances. Our service offers some of the best rates in the market – in fact, we're 50% cheaper than banks. Transfers are near-instant, with some completed in as little as seconds. Careem Plus members also enjoy rates better than Google's, saving them hundreds per transfer.' The launch comes just in time for Ramadan, a period when remittance activity typically spikes as people increase financial support for their families in preparation for charitable activities and upcoming Eid celebrations. Careem Pay aims to simplify financial services in the region, offering a comprehensive platform for P2P and international transfers, bill payments, and digital wallet services. To make an international money transfer through Careem Pay, simply download or open the latest version of the Careem app and select 'Send Money' on the home screen.
