Singapore, 22nd January 2024 - As digital payments continue to gain ground, overshadowing traditional cash transactions, the demand for secure and efficient payment platforms is on the rise. The collaboration between iPiD and Careem comes at a pivotal moment, promising to address this demand.
The partnership with iPiD has introduced a new payment experience, being referred as the “Breeze” feature, exclusively available to Careem Pay customers to simplify and secure international remittances. Users only need to enter the recipient’s bank account or IBAN number they wish to send money to, and "Breeze" takes care of the rest.
The "Breeze" feature is designed to eliminate the hassle of manual entry by automatically retrieving and confirming all necessary information of the recipient. This ensures that funds are sent to the correct individual, providing users with ease and peace of mind through a seamless and secure transaction experience
As the provider of the "Breeze" feature in the cross-border payment context, we are proud to join forces with Careem Pay to empower customers with convenience and confidence when making international transfers. This partnership not only reinforces our reputation as the go-to partner for fintech businesses in the Middle East and beyond, but also showcases our commitment to pioneering account and name validation technologies in cross-border payments.
VP from Careem Pay, Mo El Saadi, said, “We’re thrilled to partner with iPiD to provide our customers with an added layer of security and simplicity when making international transfers. Customers need to be reassured that they’re sending money to the right person, and the new “Breeze” feature, powered by iPiD will give them that reassurance”.
Damien Dugauquier, Co-founder and Chief Executive Officer of iPiD, expressed, “We believe that user experience and security are the two biggest differentiators for cross border transfers. Our collaboration with Careem Pay reflects our commitment to delivering innovative solutions in the digital payments space. Together, we strive to redefine the remittance experience for users."
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About iPiD
iPiD is a fast-growing, venture-backed fintech start-up that was founded in late 2021 by a global team who have held senior roles at major payments and technology companies, including SWIFT and Thomson Reuters. In addition to our HQ in Singapore, our global team has representatives in India, Belgium, Malaysia, Netherlands, UAE, Spain, and Vietnam.
iPiD’s vision is to make cross-border payments easy, secure, and seamless. We achieve this by partnering with financial services providers (banks, payment systems, payment fintechs, wallets…) to deliver an addressing data platform that helps the payment industry to provide a more efficient and user-friendly payment journey. iPiD is built for all – we do not replace banks, payment fintechs, wallets or remittance companies; nor do we replace existing payment rails. Our Advisory Board includes senior figures from across the industry: Christian Sarafidis, Microsoft Chief Business Development Officer WWFSI; Kosta Peric, Deputy Director, Financial Services for the Poor, the Bill & Melinda Gates Foundation; and Nick Lewins, former banking Chief Technology Officer and now an advisor in data and AI, cloud technology and digital transformation.
For more information, contact [email protected]
About Careem