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Careem Pay Launches UAE–Jordan International Remittance
UAE residents can now transfer money to Jordanian bank accounts via the Careem Pay app, enjoying fast transactions, competitive rates, and low fees.
Careem Pay, the digital payments service integrated within the Careem app, has expanded its international money transfer offerings by launching direct bank transfers from the UAE to Jordan. The new service responds to demand from the UAE’s substantial Jordanian expatriate community, who send over USD 1 billion annually to support family, education, and personal investments back home.
Jordan joins an established network of popular remittance destinations already supported by Careem Pay, including India, Pakistan, Egypt, Lebanon, the UK, Europe, and the Philippines. The introduction of this service coincides with increased activity around Arafah Day and Eid Al Adha, when remittances typically spike as expats send money home for charity and festive preparations.
Mohammad El Saadi, Vice President of Careem Pay, highlighted the importance of this service: “Sending money home is one of the most meaningful things our customers do with Careem Pay. For many Jordanian expats, it’s about supporting loved ones, covering school fees, or helping parents with everyday expenses. We wanted to make that process simpler, faster, and more affordable”.
To mark the launch, Careem Pay is offering first-time users zero-fee transfers for their first two transactions to Jordan. Regular users can transfer up to AED 25,000 per transaction for a fixed fee of AED 10, while Careem Plus members enjoy zero fees on transfers above AED 1,500, along with reduced charges for smaller amounts. Additionally, Careem Plus subscribers gain benefits across other Careem services, including discounted rides and free food and grocery deliveries.
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Funds sent via Careem Pay arrive within 24 hours on average — providing a speed comparable to traditional exchange houses — and are directly credited in Jordanian Dinars to any valid Jordanian International Bank Account Number (IBAN). This streamlined process underscores Careem Pay’s commitment to simplifying financial transactions for its users.
To start sending money to Jordan or explore other remittance corridors, users simply need to download the latest Careem app update and select the “Send Money” feature directly from the home screen.
News
Dirham-Backed Stablecoin DDSC Enters Live Phase In UAE
Central Bank approval moves the dirham-backed token into deployment, targeting regulated payments and settlement flows.
The UAE has cleared the launch of DDSC, a dirham-backed stablecoin now entering live operation after approval from the Central Bank. The move pushes the project beyond its pilot phase and into the country’s regulated financial system.
The token is backed by a consortium led by IHC, Sirius International Holding and First Abu Dhabi Bank (FAB), framing it as an institutional instrument rather than a consumer crypto product. DDSC was first announced in April 2025, but regulatory clearance now allows deployment and integration across approved channels.
DDSC runs on ADI Chain, a Layer 2 blockchain built by the Abu Dhabi-based ADI Foundation. The infrastructure is designed for governance and performance requirements expected by large institutions, linking blockchain settlement with existing compliance and oversight frameworks.
The focus is practical, targeting treasury settlements, high-value payments, trade and supply-chain transactions, and programmable financial flows for regulated entities. FAB plans to offer access to the token through approved platforms for its clients, keeping the rollout inside controlled banking environments.
“DDSC marks a defining milestone in the UAE’s digital finance journey,” said Syed Basar Shueb, CEO of IHC. “With the Central Bank’s approval and our transition into live operation, we are delivering trusted, institutional-grade infrastructure that strengthens resilience, accelerates innovation, and expands what is possible in regulated digital payments”.
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FAB says the project reflects how stablecoins can sit within traditional finance when risk controls are built in from the outset. “This milestone underscores that stablecoins can be integrated responsibly into the financial system when built to meet rigorous regulatory and risk requirements,” said Futoon Hamdan AlMazrouei, Group Head of Personal, Business, Wealth and Privileged Client Banking Group at FAB.
The launch reinforces the UAE’s strategy of pushing digital finance through regulation instead of open-ended crypto experimentation. Stablecoins in this model are positioned less as trading assets and more as programmable extensions of national currency, aimed at institutional scale and government use cases.
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