Payrails, a premier payment operating system for global enterprises, has partnered strategically with Careem, the Middle East’s leading multi-service app, to streamline and enhance payment processes for Careem’s extensive services.
This collaboration encompasses ride-hailing, food and grocery delivery, bill payments, and domestic and international money transfers.
The alliance will integrate Payrails’ advanced dynamic payment routing solution, facilitating seamless local payment integrations. This integration aims to accelerate Careem’s market entry across new regions by utilising a centralised provider for partner integrations, optimizing payment routes and improving conversion rates.
As a result, customers will experience a more efficient checkout process.
“Careem Pay supports millions in managing their payments, running errands, and more, all within our comprehensive Everything App,” said Mohammad El Saadi, Vice President of Careem Pay. “Our partnership with Payrails enables us to streamline transactions and extend our services to more customers throughout the region.”
Backed by venture capital firm Andreessen Horowitz, Payrails brings substantial expertise in developing payment acceptance technology for top-tier enterprises such as Eat Takeaway, Preply, Vinted, and Teknasyon.
Payrails’ CEO, Orkhan Abdullayev, remarked, “We are thrilled to join forces with Careem to tackle complex payment processes and enhance performance across all operational markets. Our modular technology integrates seamlessly with various payment use cases, enhancing Careem’s existing systems and bolstering flexibility and scalability.”
Payrails is explicitly engineered for enterprises managing high transaction volumes, offering a comprehensive suite of advanced payment automation and optimization solutions. The platform features a multi-payment service provider (PSP) and multi-payment method integration, automatic payment retries, a PSP-agnostic token vault, customizable dynamic checkout pages, native reconciliation and lingering tools, and sophisticated analytics capabilities.
This strategic partnership underscores Payrails’ commitment to leveraging its industry-leading technology to simplify and optimize payment processes for global enterprises, driving efficiency and customer satisfaction across Careem’s diverse service offerings.
