Careem’s Exit Is More Than a Business Decision—It’s a Red Flag for Pakistan’s Digital Economy
Careem’s announcement to suspend its ride-hailing operations in Pakistan after more than a decade is not just the end of…
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Careem to Suspend Pakistan Operations Amid Economic Challenges and Competition
Careem will suspend its Pakistan operations on July 18 due to macroeconomic challenges, stiff competition, and capital constraints. This move ends a key chapter in Pakistan’s digital transport evolution, underscoring broader strains in the country’s startup ecosystem and shifting strategies among global ride-hailing firms.
Careem Pay Expands Remittance Service to Egypt, Offering Quick and Competitive Transfers
Careem Pay has expanded its remittance service to Egypt, allowing UAE residents to send money directly to Egyptian bank accounts with competitive rates and near-instant transfers. This service, which offers a 50% cost saving over banks, is launched in time for Ramadan, when remittances typically see an increase.