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Careem & PaySky team to offer instant payments for drivers

By Delisha Fernandes

July 17, 2023

  • Capital Investments
  • Careem
  • Digital Financial Solutions

PaySkyCareem, has announced its partnership with PaySky, a FinTech and payment solutions company in the Middle East and Africa.

Through this collaboration Careem has launched a faster payment solution for ride-hailing drivers by leveraging PaySky’s digital payment platform “Yalla.”

Yalla is a comprehensive digital ecosystem introduced by PaySky in collaboration with Egypt Post. It offers various financial services such as money transfers, savings, and investments, online and in-store payments, and non-financial services like ordering daily necessities, medicine, and discounts.

Waleed Sadek, founder and CEO of PaySky & Yalla Super App, said, “We are thrilled to partner with Careem to lead in providing smart transportation services. This step adds to the successes achieved by “Yalla” within a record period, and it is in line with the commitment of both entities to provide suitable digital financial solutions to offer easy and fast payment solutions for Careem drivers.”

Yalla will enable Careem drivers to conveniently access their earnings within minutes after initiating a transaction request on the Careem drivers app. By utilising their pre-set payment method through the PaySky account on the Careem drivers app, drivers can effortlessly find their money on the Yalla Super App and utilise them for purchasing their daily essentials.

Wael Ibrahim, General Manager of Careem Egypt, said, ” Our new fast payments solution is set to change this. We expect our card-paid trips to double thanks to our partnership with PaySky. This not only simplifies our driver’s lives and enhances their earnings, but it also improves the ride experience for our customers by equating “card-paid” trips with cash ones.

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