Careem and Noon win initial approval for launching mobile wallets in Saudi

Careem and Noon win initial approval for launching mobile wallets in Saudi

With the initial approval, the company would apparently be able to allow users to use the money in their mobile wallet to pay for different other services.. In some of its markets, Careem already allows users to use its mobile wallet to recharge their mobile credit .. It is not clear how much or what Careem can offer with the initial approval but once it earns the full license, potential use cases range from allowing users to make payments at offline merchants to cross-border money transfers.. Careem and Noon win initial approval for launching mobile wallets in Saudi - February 26, 2020.