Careem Pay is expanding its international money transfer capabilities through an extended partnership with global payments platform Adyen.
The collaboration is designed to scale Careem Pay’s digital remittance UAE services, targeting users sending funds to Europe, the Middle East, and South Asia.
Building on an eight-year relationship, Adyen will supply the underlying payments infrastructure for the Careem app’s cross-border transfers.
Careem Pay currently facilitates international transfers from the UAE to over 35 countries.
The service operates in partnership with Lulu Exchange, a provider licensed by the Central Bank of the UAE (CBUAE).
The integrated infrastructure consolidates settlement and reporting into a single framework.
Adyen stated this integration will improve operational efficiency and transaction transparency for the remittance provider.
The partnership also aims to optimise payments performance by increasing conversion and authorization rates across the broader digital remittance UAE network.
“As remittances in the UAE continue to shift from physical to digital channels, our single platform helps reduce operational complexity,”
said Daumantas Grigaravicius, Head of Middle East, Adyen.
Mohammad El Saadi, Vice President, Careem Pay, noted the competitive nature of the digital remittance UAE market as a driver for continuous technical improvements.
“By deepening our partnership with Adyen, we are ensuring our remittance service stays fast and reliable as we expand globally,”
El Saadi said.
Featured image credit: Adyen press release
