Careem

#e-Wallet

Careem is building ‘the everything app’ for the greater Middle East, making it easier than ever to move around, order food and groceries, manage payments, and more. Careem is […]

Certified payment providers N/A
    Market coverage 1
    • United Arab Emirates
    Currencies 1
    • Afghanistan Afghani
    Description

    Careem is building ‘the everything app’ for the greater Middle East, making it easier than ever to move around, order food and groceries, manage payments, and more. Careem is led by a powerful purpose to simplify and improve the lives of people and build an awesome organisation that inspires. Since 2012, Careem has created earnings for over 2.5 million Captains, simplified the lives of over 50 million customers, and built a platform for the region’s best talent to thrive and for entrepreneurs to scale their businesses. Careem operates in over 70 cities across 10 countries, from Morocco to Pakistan.

    In 2019, we were acquired by Uber for $3.1 billion USD, solidifying our position as the biggest unicorn in the Middle East and providing new opportunities for startups in the region. This acquisition allowed us to bring some of the best talent into our organisation, which was a critical part of our growth strategy.

    Now, we’re excited to explore synergies with the global technology investor e& following their $400 million investment in the Careem Super App. With two strong partners in e& and Uber, we’re looking forward to building category-leading verticals and scaling the Super App across our key markets.

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    Frequently Asked Questions

    What are the best practices for managing cross-border payments?2023-04-18T18:56:57+02:00

    NORBr is a payment orchestrator that connects you to all cross-border payment services providers that can help you manage your cross-border payments efficiently and securely, while also ensuring compliance with relevant regulations. NORBr offers advanced features like fraud detection, currency conversion, and real-time tracking and reporting, which can help you optimize your payment processing for cost efficiency and speed.

    What are the risks associated with cross-border payments?2023-04-18T18:57:21+02:00

    Cross-border payments can be associated with several risks for you, including currency fluctuation risk, regulatory risk, and fraud risk. Currency fluctuation risk refers to the potential impact of exchange rate fluctuations on the value of your payments. Regulatory risk relates to the complexity of complying with different regulations in different countries. Fraud risk refers to the potential for fraudulent activity, which can be more difficult to detect and prevent in cross-border transactions.

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