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Careem joined forces with tech provider iPiD to elevate the international remittance feature of Careem Pay, according to a press release. Careem Pay customers will now simply provide their receiver’s account number, and the “Breeze” feature will automatically verify the account number and display the receiver name for confirmation.
Careem eyeing up Philippines + Egypt remittance market: Careem Pay recently extended its remittances services to India and plans to expand further in the upcoming months to the Philippines and Egypt.
REMEMBER- Telecom giant e& acquired a majority stake in Careem’s super app — which includes Careem’s fintech services among other things — for USD 400 mn according to a bourse filing on the ADX. The transaction was inked back in April with the creation of a new entity dubbed “Careem Everything App,” which separates Careem’s ridesharing business, fully owned by Uber, from its non-rishesharing business.
OTHER TECH NEWS-
UAE-China cross-border remittances are now available through Botim: Astra Tech partnered with Tencent Financial Technology to allow PayBy-equipped users of its Ultra messenger app, Botim, to send international transfers to Weixin users in China, according to a press release. Botim users can notify recipients of the remittance with Weixin’s exclusive one-click ShareLink feature.
How it works: The transferred funds are deposited in Weixen’s in-app wallet or bank cards linked to the platform, depending on the recipient's choice. Weixen allows users to monitor the status of the remittance.
About the partners: The region’s leading consumer technology holding group Astra Tech acquired PayBy, Rizek, and the VoIP app Botim under a Botim umbrella operating in 155 countries. Tencent's fintech division, Tencent Financial Technology, offers mobile payment and financial services in addition to Weixen in an open ecosystem connecting consumers globally. Botim users in the UAE can send transfers to over 170 countries, owing to Astra Tech’s previous partnerships with financial service company MoneyGram and Egyptian e-payment platform Fawry. The app also features bill payments and Emirati visa services.
