Mastercard & Checkout.com team to bring instant wallet top-ups to Careem in the UAE
By Delisha Fernandes
Mastercard has announced its partnership with Checkout.com to enable Careem Pay customers in the UAE to access real-time payments.
This integration aims to make it easy and more convenient to use the Careem app to transfer money and access daily services.
Amnah Ajmal, Executive Vice President, Market Development, EEMEA, Mastercard, said, “We are delighted to join forces with Checkout.com and Careem to strengthen the presence of Mastercard Send in the region. In line with our commitment to driving digital transformation across the markets we serve, our company is proactively working with our partners to enhance the choice of innovative payment options available to consumers.”
Mastercard Send is available in 108 countries worldwide and is being rolled out in the UAE with Careem Pay, the financial technology arm of the Middle East ‘Everything App’, Careem. Mastercard Send aims to provide innovative payment flows in the UAE, such as fast refunds for marketplaces, disbursements for retail and delivery industries, and new P2P and international money transfer experiences.
Checkout.com is a global payments solution provider (PSP) that helps businesses and their communities thrive in the digital economy and one of the first PSP to secure an acquiring license from the UAE Central Bank.
“As one of the first Mastercard partners in the UAE, we can offer advanced payment services to our customers and provide a seamless user experience during wallet top-ups. We are dedicated to collaborating with the PayTech to explore new use cases and raise awareness about the many benefits of Mastercard Send among merchants for both funding and disbursements,” said Remo Giovanni Abbondandolo, General Manager for MENA at Checkout.com.
IBSi Daily News Analysis
September 22, 2023
Banks can capitalize on new dynamics in a changing industry, study showsRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage