FinTech: Mastercard, and Careem Team Up To Boost Real Time Payments In the UAE

August 21, 2023 | FinTech, News

The Mastercard Send product will play a pivotal role in this effort.

Mastercard (NYSE: MA),, and Careem have collaborated to introduce a groundbreaking initiative aimed at enhancing real-time payments in the UAE. Careem Pay users in the UAE can now benefit from almost instant payments through the integration of Mastercard Send into the Careem Pay platform. This collaboration seeks to offer faster, more convenient, and secure money transfers and daily service access within the Careem app.

Mastercard, known for its role in advancing the global payments industry, aims to promote a digital economy with secure and efficient transactions., a global payments solution provider, employs Mastercard Send and its payment network to enhance its wallet top-up service for Mastercard cardholders in the UAE. Careem, a comprehensive platform offering various daily services, leverages its decade-long experience in secure payments and its large user base to lead in its field. (Fintech Global)

The integration of Mastercard Send into Careem Pay, available in 108 countries and now introduced in the UAE, is set to redefine payment processes in the region. This integration will facilitate quick refunds for marketplaces, improved person-to-person and international money transfers, and will benefit the retail and delivery sectors.

Mastercard’s extensive global network and’s presence in multiple locations, including Dubai and Riyadh, contribute to this innovative partnership. The collaboration is aimed at expanding payment options and enhancing user experiences. Careem Pay’s digital wallet and fintech services will benefit from the capabilities of Mastercard Send, furthering its goal of simplifying payment experiences and fostering financial inclusion in the UAE market.

Related Story:  Mastercard Buys Stake In MTN’s Fintech Unit For Undisclosed Amount

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