Uber's Mideast business Careem sees ride-hailing recovery next year

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DUBAI: Careem, a unit of Uber Technologies, expects ride-hailing demand to recover to pre-pandemic levels 'sometime' in 2021, encouraged by a ...

DUBAI: Careem, a unit of Uber Technologies, expects ride-hailing demand to recover to pre-pandemic levels"sometime" in 2021, encouraged by a better-than-expected pickup as countries started to ease coronavirus-related curbs.

The company, which primarily operates in the Middle East, has seen its overall business, which also includes delivery services such as take-away food, recover at an almost double-digit rate week-on-week over the past two months as countries eased restrictions, he said. Dubai-headquarterd Careem will fast-track plans to add more features to its 'Super App' that has expanded to also include some payment services.It announced on Sunday it had signed a multi-year agreement with Visa that will see Visa push payment services become available through the app.

 

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