Finance & Capital Market

Careem Pay partners with iPiD to streamline international transfers

Careem, the region’s leading multi-service app, has partnered with iPiD, a leading technology provider, to enhance Careem Pay’s international remittance feature.
 
Through the partnership with iPiD, Careem Pay customers will only need to provide the account number of their receiver. The "Breeze" feature automatically validates the account number and pulls up the receiver's name for confirmation by the customer.
 
Mo El Saadi, VP of Careem Pay, said: "We’re thrilled to partner with iPiD to provide our customers with an added layer of security and simplicity when making international transfers. Customers need to be reassured that they’re sending money to the right person, and the new “Breeze” feature, powered by iPiD will give them that reassurance."
 
"Careem Pay was launched to simplify payments experiences for customers, and we’re excited to streamline our remittance service even more to provide customers with simple, fast, and secure transactions," he stated.
 
On the tieup, Damien Dugauquier, the co-founder and CEO of iPiD, said: "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."
 
Careem Pay’s international remittance was initially launched for UAE customers to Pakistan, but has recently expanded to India as well, enabling customers and Captains to make instant transfers to one of the largest remittance corridors in the region. 
 
Careem Pay plans to expand the service to include transfers to other important remittance corridors, including Philippines and Egypt, in the coming months.-TradeArabia News Service