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Careem and Payrails partner to streamline payments across MENA

By Gloria Methri

June 19, 2024

  • Careem
  • Careem App
  • Careem Pay
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Fintech news, Careem Pay, Payrails, Payments solutions, Remittances Services, International Transfer Services, UAE payments, Fintech News, MENAPayrails has partnered with Careem, the region’s multi-service app, to facilitate payments for Careem’s services, including ride-hailing, food and grocery delivery, bill payments, domestic and international transfers, and more.

By integrating Payrails’ payment routing solution and making local payment integrations easier to activate, Careem can enter new markets faster through a central provider for integration with new partners.

Payrails provides payment solutions to global enterprises operating at scale. It removes merchants’ complexity by streamlining the integration of payment service providers through one comprehensive platform. Leveraging this platform, Careem can route payments along the most strategic path to drive payment conversions.

The system facilitates payment integrations and switching between local processors and payment methods, simplifying the checkout experience for Careem customers across the region.

Mohammad El Saadi, VP of Careem Pay, said, “Careem Pay helps millions of people to manage their payments, run errands, move around, and more, all within one Everything App. Our partnership with Payrails helps us streamline transactions and bring our services to even more customers across the region.”

“We are a global partner with a strong local knowledge of MENA merchants and their payment challenges,” said Payrails CEO Orkhan Abdullayev. “We are excited to join forces with Careem, solving complex payment processes and improving payment performance across all operational markets. Our modular technology integrates seamlessly with any payment use case and enhances Careem’s existing setups, increasing flexibility and scalability.”

The Payrails platform is specifically designed for enterprise clients handling large volumes of transactions, giving them access to a full suite of advanced solutions for automation and payment optimization. This includes a multi-payment service provider (PSP) and multi-payment method integration layer, automatic payment retries, a PSP-agnostic token vault, dynamic, customizable checkout pages, native reconciliation and ledgering tools, as well as advanced analytics solutions.

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