Having introduced money transfers to some of the largest remittance corridors, including India, Pakistan the UK and the Philippines, Careem Pay, the fintech arm of the Careem Everything App, has now launched into 18 new European countries.
Careem Pay aims to simplify financial services in the MEA region, especially in the UAE, through its payments platform that offers money transfers, bill payments, and digital wallet services. Its latest offering offers competitive exchange rates that are 50 per cent cheaper than banks and real-time processing. This ensures transfers reach recipients quickly through SEPA transfers for EU corridors. Furthermore, Careem Plus members can also enjoy member-only rates and zero fees on their transfers.
The UAE remains the world’s top destination for wealthy migrants, attracting strong inflows from the UK and Europe, where many continue managing businesses remotely. With this expansion, Careem Pay continues to simplify financial transactions for expats in the UAE, enabling fast, secure, and seamless international money transfers.
Customers can send up to AED 150,000 per transaction and AED 450,000 per month directly to any valid IBAN within the newly added corridors. The service prioritises speed and reliability, with an average of eight out of 10 EU transfers processed in under 30 minutes.
Mohammad El Saadi, VP of Careem Pay, commented: “Sending money abroad can often be expensive, slow, and full of unnecessary complications. Many expats still rely on physical exchange houses or banks to send money abroad, while others search for money transfer apps that avoid high fees and delays.
“By expanding our remittance service to cover more European countries, we’re offering customers a fast way to support their families, pay their mortgages, and manage personal expenses with just a few taps on their phone.”
Expanded countries
UAE citizens and residents can now send money instantly to bank accounts in:
- Austria
- Belgium
- Croatia
- Cyprus
- Estonia
- Finland
- Greece
- Latvia
- Liechtenstein
- Lithuania
- Luxembourg
- Malta
- Monaco
- Netherlands
- Portugal
- San Marino
- Slovakia
- Slovenia
This builds on the previous offering which included Germany, France, Ireland, Spain and Italy.
