Page 102 - AAE PR REPORT - January 2025

1/30/25, 2:14 PM EXCLUSIVE: Careem Pay launches fee-free remittance service, undercuts traditional exchanges - Arabian Business: Latest News …
EXCLUSIVE: Careem Pay launches fee-free

remittance service, undercuts traditional

exchanges

The move comes as conventional exchange houses increased their

fees by 15% last year

Careem Plus members can now save up to hundreds of dirhams more on every transaction, depending on
how much they're sending. Image: Supplied

Careem has launched a new remittance feature through Careem Pay that offers zero-fee

international transfers and better-than-market exchange rates, challenging traditional
exchange houses in the UAE’s remittance market.

The move comes as conventional exchange houses increased their fees by 15 per cent last
year, according to the company. The new service, which primarily benefits Careem Plus

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