- Low sending fee of up to 1.5%, zero withdrawal fees at ATMs, and transfer times of just 15 minutes
Dubai, UAE – Careem Pay, the digital wallet and fintech platform within the Careem Everything App, introduces a new international remittance service to Lebanon in partnership with the Purpl digital wallet.
Money can be transferred from AED into USD from a Careem account to a mobile number linked to a Purpl wallet in Lebanon, removing the need for a recipient bank account. Beneficiaries can withdraw cash from their Purpl wallets from Banque Libano-Francaise (BLF) ATMs without fees or from OMT stores with minimal fees of just 0.5%.
With a low sending fee of up to 1.5%, zero withdrawal fees at BLF ATMs, and transfer times averaging just 15 minutes, Careem Pay is committed to making remittances a more accessible and reliable service to communities in need. The service is designed to address the ongoing financial challenges faced by the Lebanese community, offering a solution for unbanked users as well as those with refugee documentation.
Mo Elsaadi, VP of Careem Pay, commented: “We’re pleased to help make it easier for the Lebanese community in the UAE to transfer money to loved ones during such a challenging year. Our partnership with Purpl enables us to provide a fast, reliable, and inclusive solution for sending money home when it’s needed most.”
Wissam Ghorra, Co-founder and CEO at Purpl commented: “After all the challenges Lebanon faced in 2024, once again, the lebanese diaspora showed tremendous support to Lebanon and showed how important these resources are for the country. We at Purpl want to put all our capabilities to facilitate these transactions to Lebanon, and we are deeply convinced that this partnership with Careem will help us reach that.”
Careem Pay launched its remittance service in 2023 and now offers instant transfers to India, Pakistan, the Philippines, the UK, and Europe. Careem Pay’s referral program for remittance users enables new customers who send money abroad through a referral link to receive up to AED 2,000 credited to their Careem Pay wallet.
To initiate an international transfer, open the Careem app and select ‘Send money’ on the Careem Pay home screen.
About Careem
Careem is building the Everything App for the greater Middle East, making it easier than ever to move around, order food and groceries, manage payments, and more. Careem is led by a powerful purpose to simplify and improve the lives of people and build an awesome organisation that inspires. Since 2012, Careem has created earning opportunities for over 2.5 million Captains, simplified the lives of over 70 million customers, and built a platform for the region’s best talent to thrive and for entrepreneurs to scale their businesses. Careem operates in over 70 cities across 10 countries, from Morocco to Pakistan.
About Purpl:
Purpl is a Lebanese fintech startup founded in 2021, with headquarters in Lebanon and the UAE. Designed to empower users with seamless, secure, and instant financial services, Purpl offers everything from instant money transfers to secure online and offline transactions. Committed to driving economic growth in Lebanon and the region, Purpl’s mission is to accelerate the adoption of financial technology and deliver innovative solutions that put users in control of their finances.
For all media inquiries:
Jasmine AlDameary
jasmine.aldameary@careem.com
