UAE, Dubai based Careem has joined hands with Network International, leading enabler for digital commerce across Middle East and Africa (MEA) as it has truly got wings for the support of growing list of issuer processing clients.
In addition to powering its drive towards a cashless economy within five countries, the project will also strive Careem’s several benefits for all its clients as well as captains (Workforce) for processing prepaid cards across five nations in Middle East: – UAE, Saudi Arabia, Egypt, Jordan and Pakistan.
The project is part of Careem’s digital payments initiative enabling its captains to access their daily trip earnings in real-time via a Visa card and thereby provide them instant access financial earnings for both cash as well as non-cash dealings, instead of having to wait till next payment cycle.
This initiative of Network International’s collaboration with Careem brings out a very flexible and best initiative ever taken as well as at a very pivotal point of time, wherein there is an urge in Customers opting out for cashless-contactless digital payment methodology, thereby, supporting the government’s preventive initiative and safety related protocols for mitigating the current health-virus-economic scare.
Samer Soliman, managing director, Middle East at Network International, stated: “We are honoured in accordance with the recent collaboration with Careem on this crucial mission up to expectation now not only addressing the urgent necessity of accessing to once cash among the underbanked, but will also commend and strive working as well as delivering the core advantages on elevated safety, security, avail or flexibility by means of cashless transactions in imitation of all parties. Enabling digital payments is a long-term commitment we share including Careem, then we seem to be far in accordance with similarly collaborations to that amount accelerate the pace out of cash according to digital payments.”
Mudassir Sheikha, CEO or Co-Founder concerning Careem said, “This partnership together with Network International is an essential milestone into Careem’s trip in accordance with become the region’s day-to-day Super App. Frictionless digital repayments are an imperative share on our supporting simplify the daily lives on both our customers then captains. We seriousness deep in relation to pecuniary inclusion yet therefore we’re excited in imitation of keep cause together with an industry chief in accordance with put strong FinTech among the palms regarding millions regarding humans throughout our region.”
Careem launched a recent ‘super app’ after provide entire its features concerning a individual platform. The new app wish supply ride-hailing, food shipping as nicely as like Careem Pay services according to entire its users.
Careem, who used to be obtained with the aid of Uber because of $3.1bn the previous year, diminished 536 jobs or the 31 percent of its workforce, in May this fiscal year appropriate in imitation of the having an effect due to health-virus-economic restrictions over its business.
However, of June, Sheikha said it had begun to witness recovery as in May, with the commercial enterprise had been “growing week-on-week double digit”.