The signing ceremony was held at 1LINK Office, Karachi and was attended by Mr. Junaid Iqbal, Managing Director – Careem PAY and Mr. Najeeb Agrawalla, CEO – 1LINK, along with senior officials from both organizations. This partnership aims at transforming the payments ecosystem and drive the digitization of payments in Pakistan.
With this collaboration, Careem app-users can top up their Careem PAY wallet through all 1LINK member bank’s channels instantly in real-time. In addition, it will drive the growth of payments by promoting new, secure, and more convenient ways to pay, and thereby advancing e-payments in established and emerging markets of Pakistan.
Currently, Careem PAY wallet provides customers the facility to pay for rides, food orders, transfer credits between app users and recharge their mobile balance. In the near future, Careem will introduce new verticals for groceries, package deliveries and third-party services, and will serve as a complete lifestyle app supported by a holistic payment solution through Careem PAY. Careem is also in the process of applying an Electronic Money Institution (EMI) license from the State Bank of Pakistan to further expand into payments space.