Ecommerce & Logistics

Careem Inks MoU with Telenor bank for Rickshaw Financing

Online ride-hailing service provider Careem has inked a memorandum of understating (MoU) with Telenor Microfinance Bank to enable rickshaw financing for its ‘captains’.

Following the signing of MoU, Careem’s Tezz captains will be able to get their own rickshaws on a lease, read a statement issued by Careem. It further informed that the program will be launched soon.

Careem entered the Pakistani market in 2016, launching its services in Karachi, Lahore and later Islamabad. It is now spread across 13 cities, including Faisalabad, Hyderabad, Multan, Gujranwala, Sialkot, Abbottabad, Sargodha and Mardan. Most recently, Careem had announced expansion of its mobile-app based ride-hailing services to Quetta.

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