Mastercard, a global technology company spearheading the payments industry, has joined hands with Checkout.com, an acclaimed global payments solution provider, and Careem, the Middle East’s renowned ‘Everything App’, for a transformative initiative.
In a bid to revolutionise real-time payments, this collaboration allows Careem Pay users in the UAE to enjoy near-instant payments. With the integration of Mastercard Send into Careem Pay, customers can now experience a significant increase in speed, convenience, and security when using the Careem app for money transfers and accessing daily services.
A vanguard in the global payment industry, Mastercard’s ambition is to fortify an inclusive, digital economy, focusing on safe, smart, and straightforward transactions. Leveraging secure data and networks, its innovations aid individuals, businesses, and governments in unlocking their full potential.
As a global payments solution provider, Checkout.com empowers businesses in the digital landscape. Being the first to secure an acquiring license from the UAE Central Bank, it utilises Mastercard Send and its extensive payment network to augment its wallet top-up service for numerous Mastercard cardholders in the UAE.
An integrated platform, Careem delivers a plethora of daily services, enabling users to navigate, order items, and conduct money transfers seamlessly. With a decade-long track record in securing payments and boasting over 50 million registered users, it continues to lead in its domain.
Mastercard Send, presently available in 108 countries, has been introduced in the UAE, joining forces with Careem Pay. This novel integration aspires to lead the future of payment in the UAE, propelling quick refunds for marketplaces, enhanced P2P and international money transfers, and facilitating the retail and delivery sectors.
Mastercard, with its vast network across more than 210 countries, is ceaselessly striving towards a sustainable world filled with unparalleled opportunities. On the other hand, Checkout.com, with a presence in 19 global locations, including Dubai and Riyadh, is devoted to assisting businesses in optimising their payment performance.
Mastercard Executive Vice President, Market Development, EEMEA, Amnah Ajmal 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, Mastercard is proactively working with our partners to enhance the choice of innovative payment options available to consumers. We will continue to expand our partner network as we scale Mastercard Send across different segments and use cases.”
General Manager for MENA at Checkout.com, Remo Giovanni Abbondandolo, said, “As one of the first Mastercard Send partners in the UAE, we will be able to offer advanced payment services to our customers and provide a seamless user experience during wallet top-ups. We are dedicated to collaborating with Mastercard to explore new use cases and raise awareness about the many benefits of Mastercard Send among merchants for both funding and disbursements.”
Director, Strategic Partnerships, Careem Pay, Ahmed Salahy said, “The Mastercard Send solution will help Careem Pay fulfill part of our purpose and promise to customers to simplify their payment experiences and access to FinTech products.
“Careem Pay, the digital wallet and FinTech arm of Careem, enables customers to top up their wallet, transfer and receive money at the click of a button and pay for products and services both on and beyond the Careem’s Everything App. Mastercard Send now gives our customers in the UAE access to near real-time payments with convenience and security to support financial inclusion of Careem’s digital wallet growth in the market.”
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