SBP Approves Careem Pay for EMI License

SBP Approves Careem Pay for EMI License

Careem Pay has been given an In-Principle-Approval (IPA) for an Electronic Money Institution (EMI) license by the State Bank of Pakistan (SBP). This will enable the corporation to extend its ride-hailing services outside the country’s borders. Careem established Careem Pay, its fintech subsidiary, in Pakistan as an autonomous corporation with a $50 million investment plan … Read more