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Careem, a super app created in the UAE, has launched a digital wallet for storing money, allowing users in the UAE to request and transfer funds from peer to peer. Money from Careem Pay digital wallet can be withdrawn to any bank account in the UAE.
The digital wallet allows users to pay for goods and services on the Careem app, but users will soon be able to pay via third-party applications. There are other products available through Careem Pay, which include paying bills, splitting bills and making card payments both in-app and out-of-app - including at third-party online stores, and the digital wallet is now added to the services list.
Mudassir Sheikha, CEO and co-founder of Careem, said:
Through our new digital wallet and P2P transfer product, we are helping people overcome many of the hassles they face with everyday payments
In a short time, Careem Pay is going to release physical and virtual Careem cards that can be used at ATMs and merchants, as well as introduce international money transfer solutions for both customers and sellers
The partners of the digital wallet launching are First Abu Dhabi Bank and the payment solutions partner Magnati.
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