Careem Partners With NBK to Facilitate Customer Payment Collections in Kuwait

Press release

Published July 28th, 2019 - 11:43 GMT

During the event

Highlights

New partnership will see NBK collect backend payments from Careem customer transactions in Kuwait

Careem and NBK today announce a new partnership that will see NBK manage the collection of Careem customer payments.

Careem is the leading technology platform for the greater Middle East and has been operating its ride hailing service with taxis in Kuwait since 2017 and is the largest player in the market. Careem has changed the way people move around their cities, providing a safe, reliable service with transparent pricing. Today many Kuwaitis will choose to leave their car at home or at the office, and use the Careem app to ride throughout the day - decreasing the number of cars on the road and saving people time. The Careem platform has also benefited the taxi industry by making driver time more efficient - reducing their downtime and fuel costs by optimising where they spend their day to best match customer demand.

The partnership will facilitate the backend collection of Careem customer payments though NBK.

"Through our new partnership with NBK, Careem customer payments will now be collected via NBK. We are delighted to join forces in Kuwait with such an established institution as NBK and look forward to rolling out further, exciting developments together in the future" said Khaled Nuseibeh, General Manager of Careem, GCC countries.

“We are pleased to announce our latest partnership with Careem as part of our commitment to providing the best online payment solutions and at the highest standards of safety that enable customers to complete their transactions electronically and increase non-cash payment” said Mohammad Al Othman, NBK General Manager Consumer Banking Group.

Background Information

CAREEM

Careem is the technology platform for our region. A region of over 600 million people that extends from Morocco to Pakistan, Turkey to Sudan. It’s an area of the world that up until now, has largely missed out on the transformational power of the internet revolution – but through its ambition and focus is catching up fast. Half of the population are under 25, and the same amount are connected to the internet yet only a small proportion have bank accounts, access to public transport and critical infrastructure.

Company Profile

National Bank of Kuwait

The products and services offered by NBK Jordan Corporate Banking are on par with the top private banks in the world and NBK is confident that all your expectations will be exceeded.

You can take your business to the next level with ease. With NBK Jordan you can fund the growth of your business with a wide range of financial solutions tailored for your needs.

NBK Jordan provides innovative products and services offering solutions to even the most complex business strategy.

We take the time to understand your business, and work with you to take advantage of our full range of financial products and services that can help you streamline your financial operations, manage daily business needs, and pursue the long-term plan you have for your company.