ISLAMABAD: Careem Pay Managing Director Junaid Iqbal has decided to part ways with Careem.
According sources at Careem, the former MD had some differences with Careem CEO Mudassir Sheikha. However, according to their Pakistan chapter, the move has come simply as a way for Junaid Iqbal “to move on” to his next chapter and “there have been no differences between the management as such”. Careem is yet to officially respond to Profit’s request to comment.
Junaid Iqbal has been the managing director focused on Careem Pay – the financial wing of Careem since August 2019, prior to which he has served as the managing director for Careem as well. His decision to leave the company comes less than a month after Careem has announced its Super App as well as future plans on expanding Careem Pay to evolve from a closed loop wallet into a potentially proper online store.