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Uber’s Middle East business Careem sees ride-hailing recovery next year | Malay Mail

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DUBAI, June 28 — 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. “It’s been a tough couple of months,” Careem Chief...

Sunday, 28 Jun 2020 07:56 PM MYTDUBAI, June 28 — 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.“It’s really anyone’s guess. We have planned for a recovery sometime next year but... the recovery has begun, and the recovery has been faster already than our initial projections.

“I’m actually quite bullish on the rest of the year and the next few years as a result of some of the restrictions that were put on our movement and the growth it led to in the adoption of digital platforms.” It announced today 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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