CrediMax Signs a Milestone Agreement to Provide Exclusive Payment Solution for Careem

Press release

Published July 30th, 2019 - 11:41 GMT

During the event

Highlights

Careem, the leading online platform in the Middle East, has announced the signing of a partnership agreement intended to provide localized payment solutions for Careem across Bahrain.

Careem, the leading online platform in the Middle East, has announced the signing of a partnership agreement intended to provide localized payment solutions for Careem across Bahrain. The partnership is a significant move, intending to build on the relationship and cooperation between Careem and Credimax.

The signing ceremony took place at CrediMax HQ in the presence of Mr. Yousif Ali Mirza, CrediMax Chief Executive, Mr. Ahmed A. Seyadi, Assistant General Manager – Business Development, Mr. Ali AlMeshal, Merchant E-Business Manager and Mr. Khaled Nuseibeh, General Manager of Careem GCC.

The agreement also paves the way for Careem’s long-term aim to meet the demands of its main stakeholders to process payments instantly and without hassle, with the new service set to roll out in July. The system is designed to enhance comfort, giving Careem the security of knowing they are in good hands.

Khaled Nuseibeh, General Manager of Careem GCC said: “Careem is delighted to sign this agreement as it reflects our commitment to provide secure, reliable payment solutions as part of our commitment to create the best internet platform. This agreement is another vital step forward in making Careem one of the safest and trusted online platforms in the region.”

Chief Executive of CrediMax, Mr. Yousif Ali Mirza said: “We are excited to partner up with Careem to offer innovative payment solutions for our customers, which comes in line with CrediMax’s strategy to continuously provide new services and payment option solutions to meet our customers’ expectations whenever they use our credit cards.”

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

CrediMax

CrediMax B.S.C. © is the first and leading Credit Card Issuer and Acquirer in the Kingdom of Bahrain, providing high quality products and services for its Cardholders and Merchants.

In April of 1999, CrediMax B.S.C. © branched out in to a separate, fully owned and independent subsidiary of BBK, one of the largest and prestigious Commercial Banks in the Kingdom. It started out as a simple card unit within BBK issuing the first Credit Card in July, 1991.