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UAE’s Careem Pay & iPiD team to launch remittances in India

By Gloria Mathias

December 19, 2023

  • Careem Pay
  • Fintech news
  • India

Fintech news, Careem Pay, iPiD, Payments solutions, Remittances Services, International Transfer Services, India Payments, UAE payments, Fintech News, Careem Pay partners with iPiD, a technology provider, to enhance Careem Pay’s international remittance feature in India.

Through the partnership with iPiD, Careem Pay customers will only need to provide the account number of their receiver. The “Breeze” feature automatically validates the account number and pulls up the receiver’s name for confirmation by the customer.

Mo El Saadi, VP of Careem Pay, said, “We’re thrilled to partner with iPiD to provide our customers with an added layer of security and simplicity when making international transfers. Customers need to be reassured that they’re sending money to the right person, and the new “Breeze” feature, powered by iPiD, will give them that reassurance. Careem Pay was launched to simplify payment experiences for customers, and we’re excited to streamline our remittance service even more to provide customers with simple, fast, and secure transactions.”

Damien Dugauquier, co-founder and CEO of iPiD stated, “We believe that user experience and security are the two biggest differentiators for cross-border transfers. Our collaboration with Careem Pay reflects our commitment to delivering innovative solutions in the digital payments space. Together, we strive to redefine the remittance experience for users.”

Careem Pay’s international remittance was initially launched for UAE customers to Pakistan but has recently expanded to India as well, enabling customers to make instant transfers to various remittance corridors in the region.

The UAE is home to a large population of Indian expats, with over 3.554 million residing and working in the country as of August 2023.  Careem Pay plans to expand the service to include transfers to other important remittance corridors, including the Philippines and Egypt, in the coming months.

To initiate an international transfer, customers need to download the Careem app and select the Global Transfer tile within the Careem Pay section of the app. Customers can open or download Careem from the App Store, Google Play, or via direct Android download.

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