Mastercard has fostered a partnership with Checkout.com to enable Careem Pay customers in the UAE to access real-time payments.
This integration aims to make it easy and more convenient to use the quick-commerce platform to transfer money and access daily services.
Executive vice president of market development at Mastercard in Emea, 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, our company is proactively working with our partners to enhance the choice of innovative payment options available to consumers.”
Mastercard Send is available in 108 countries worldwide and is being rolled out in the UAE with Careem Pay, the financial technology arm of the Middle East ‘Everything App’, Careem.
It strives to promote innovative payment flows in the UAE, such as fast refunds for marketplaces, disbursements for retail and delivery industries and new P2P and international money transfer experiences.
Founded as Opus Payments in London in 2009, Checkout.com is a global payments solution provider which processes payments for other companies, It became one of the first PSPs to secure an acquiring license from the UAE Central Bank.
General manager for Mena at Checkout.com, Remo Giovanni Abbondandolo, said: “As one of the first Mastercard partners in the UAE, we can offer advanced payment services to our customers and provide a seamless user experience during wallet top-ups. We are dedicated to collaborating with PayTech to explore new use cases and raise awareness about the many benefits of Mastercard Send among merchants for both funding and disbursements.”
