back Back

Mastercard & Checkout.com team to bring instant wallet top-ups to Careem in the UAE

By Delisha Fernandes

August 22, 2023

  • Careem
  • Central Bank
  • Checkout.Com
Share

Mastercard, Checkout.com, Careem, Payments, FinTech, MENAMastercard 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.

Previous Article

August 21, 2023

1inch collaborates with Klaytn’s Kaikas wallet in South Korea

Read More
Next Article

August 22, 2023

Cashfree Payments supports SMEs with the launch of Vendor Payments

Read More













IBSi Daily News Analysis

September 22, 2023

Careem

Banks can capitalize on new dynamics in a changing industry, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

September 22, 2023

6 FinTech tweets you should see!

Read More

September 22, 2023

CBI expands Name Check coverage via Swift’s pre-validation service

Read More

September 22, 2023

BankID BankAxept taps TCS to enhance Norway’s payment system

Read More

Related Reports

Sales League Table Report 2023

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q2 2023

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q2 2023

£1,500.00 / year

Know More
Testing & QA for NextGen Bank Tech Q3 2023

£500.00 / year

Know More
Treasury & Capital Markets Systems Report Q2 2023

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023