Dubai-based ride-hailing service company Careem has announced a collaboration with cross border payments firm iPiD to enhance the international remittance capabilities of its payment platform Careem Pay.
This partnership is particularly focused on improving services in India, according to a report by Zaywa.
With the integration of iPiD’s technology, Careem Pay users are now required to only input the account number of the recipient. The “Breeze” feature of the service then automatically verifies the account number and displays the recipient’s name for customer confirmation.
To utilise this international transfer feature, customers are required to download the Careem app and navigate to the Global Transfer option within the Careem Pay section.
Originally, Careem Pay’s international remittance service was launched for the United Arab Emirates (UAE) customers to send money to Pakistan. However, this service has now extended to include India, offering instant transfer options to various remittance corridors in the region.
There is a substantial Indian expatriate community in the UAE, which numbers over 3.554 million as of August 2023.
Looking ahead, Careem Pay aims to broaden its services further, planning to add transfer options to other key remittance corridors like the Philippines and Egypt in the near future.
Zaywa quoted Mo El Saadi, Vice President of Careem Pay saying,
“We believe that user experience and security are the two biggest differentiators for cross border transfers. Our collaboration with Careem Pay reflects our commitment to delivering innovative solutions in the digital payments space. Together, we strive to redefine the remittance experience for users.”
Damien Dugauquier, Co-founder and CEO of iPiD added,
“We believe that user experience and security are the two biggest differentiators for cross border transfers. Our collaboration with Careem Pay reflects our commitment to delivering innovative solutions in the digital payments space. Together, we strive to redefine the remittance experience for users.”
Featured image credit: Edited from Freepik
