Residents of the United Arab Emirates, especially those from the Indian community, can now send money directly to India thanks to a new feature added by Careem Pay, a digital wallet and fintech platform. This implies that services for overseas remittances are now much simpler.
Users can now instantly transfer money to India for a variety of purposes, including paying real estate payments, scheduling events, and paying for school and university tuition, thanks to the recently introduced feature.
Since its 2023 launch, Careem Pay has provided nearly instantaneous remittances to India, Pakistan, the Philippines, the UK, and Europe.
Additionally, remittance users can participate in a referral program whereby new users can transfer money overseas via a referral link and receive up to Dhs2,000 added to their Careem Pay wallet.
Transfers to a number of European nations, including Spain, Italy, France, Ireland, and Germany, are currently possible through Careem Pay's international remittance services, and more will be introduced soon.
Residents of the United Arab Emirates can make instantaneous bank transactions through a "Single Euro Payments Area."
This implies that you can use quick bank transfers, which are usually completed in a matter of minutes and are 50% less expensive than traditional bank transfers, to send up to Dhs150,000 every transaction and Dhs450,000 per month. And it's finished in thirty minutes, which is incredibly quick.
