{
Mohammad-Taqi Bahar

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careem pay launches remittance service to egypt for uae residents

Careem Pay has launched its remittance service to Egypt, allowing UAE residents to transfer money directly to Egyptian bank accounts at competitive rates. With a market size of around US$10 billion, Egypt is a key destination for remittances from the UAE, particularly among the large Egyptian expatriate community. The service promises near-instant transfers and rates that are significantly lower than traditional banks, especially for Careem Plus members, coinciding with the increased remittance activity during Ramadan.
Fintechnews Middle East
United Arab Emirates Dirham United States Dollar Pakistani Rupee British Pound Sterling Indian Rupee ARE GBR EGY PAK PHL IND Mohammad-Taqi Bahar Show more
Finance & Economy, Press Release
03:54 11.03.2025

Careem Pay launches remittance service to Egypt for UAE residents

Careem Pay has launched its remittance service to Egypt, allowing UAE residents to transfer money directly to Egyptian bank accounts at competitive rates. With Egypt being a top recipient of remittances from the UAE, the service offers near-instant transfers and rates significantly lower than traditional banks, especially for Careem Plus members. The launch coincides with Ramadan, a peak time for remittances as expatriates support their families.
Fintechnews Middle East
Euro United States Dollar ARE PAK IND GBR PHL EGY Mohammad-Taqi Bahar Show more
Finance & Economy, Press Release
03:54 11.03.2025
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