Adyen and Careem Pay announced the expansion of its partnership to enhance digital remittances in the UAE, solidifying their collaboration that spans over eight years.
Adyen, a global financial tech leader, will bolster Careem Pay’s remittance services, facilitating international money transfers to several regions including Europe, the Middle East, and South Asia.
The partnership aims to provide an integrated payments infrastructure, which is expected to improve performance, trust, and resilience in Careem Pay’s offerings.
Adyen’s support will enable unified settlement and streamlined reporting within a single framework, increasing operational efficiency and enhancing transaction transparency.
Daumantas Grigaravicius, Head of Middle East at Adyen, acknowledged the shift in remittance transfers, from “physical to digital channels,” evidencing Adyen’s platform to deliver “smooth, reliable payment experiences that strengthen long-term customer relationships and support Careem Pay’s continued expansion.”
Careem Pay facilitates international money transfers from the UAE to over 35 countries through its app, collaborating with Lulu Exchange: a licensed entity by the CBUAE.
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