Building a Successful Superapp: Lessons from Careem
Superapps have been a major point of discussion in the fintech space for several years, with many payment apps and digital wallets having ambitions to become one. The primary motivation for becoming a superapp is the expansion of revenue streams, which can increase an app’s profitability and diversify its sources of revenue, protecting the business from a downturn in any one area.
Given this advantage, it is easy to understand why a digital wallet would want to become a fully fledged super app. There is clearly growing potential for this, with our latest forecasts showing that the number of people using digital wallets will grow by 46% between 2024 and 2029.
Number of People Using Digital Wallets (m), 2024 and 2029
Source: Juniper Research
For businesses looking to adopt the superapp model, it is important to understand how other successful superapps have gained their position in their respective markets.
Let's look at Careem.
Careem was founded in 2012 in the UAE as a ride-hailing app. Since its launch, it has expanded its geographic coverage, and is now available in cities in Qatar, Saudi Arabia, Egypt, Morocco, Pakistan, Jordan, Iraq, Bahrain, and Kuwait. It has also expanded into groceries, deliveries, and payments. By 2024, Careem had more than 48 million customers across 80 cities in the 10 countries in which it operates.
Almost all superapps start off as specialised apps; in Careem’s case this was as a ride-hailing app. The advantage of starting off in this way is that it requires less development to get a working app ready to deploy compared with a more broadly focused one; allowing for lower costs and faster time to market. Another strength of this method is that it allows the app to target a specific gap in the market to build up a user base.
Source: Careem
It is important that, if a brand is launching a specialised app, with the intention of it becoming a superapp, the app is designed with modularity in mind. This will make it easier to integrate new features into the app as it grows. One effective way to go about this would be to build the app using a third-party platform. This is cheaper than hiring a development team to build it, and it allows the new app to benefit from the experience of the platform provider. It is crucial that a business selects the right platform for their app as, once one is selected, the vendor is limited by the platform’s capabilities. This means that selecting the wrong platform can prevent a vendor from expanding its capabilities into new areas as opportunities present themselves.
Once an app is established, the next step is to grow it. This is in terms of user base, geographic coverage, and range of services offered. In Careem’s case, it took the approach of focusing on expanding geographically. Between 2012 and 2017, it expanded to cover the 10 countries it covers today, but the only added features were ones which strengthened its ride-sharing business. This strategy grows the user base, building trust and familiarity with users. Due to this, as services expand, existing customers are more likely to adopt a new service from a provider with which they are already familiar.
A payment feature is a consistent part of most superapps. This allows the app to facilitate payments for its own services internally, as well as to tap into revenue from different types of money transfers. Careem first entered into the digital payment space with Careem Pay, a closed-loop P2P money transfer system. This was expanded into a full open-loop payment wallet in 2020, which allowed it to make payments and withdraw funds from the ecosystem. In 2023, Careem added remittances, starting off with the UAE-Pakistan corridor. This was to take advantage of the fact many of its drivers were Pakistani citizens who already transferred their income back to Pakistan. This was sufficiently successful that it has since expanded to include remittance corridors to the UK, India, and the Philippines.
This shows two important trends to making a successful superapp: understanding users and integrating suitable new services with existing ones. Careem understood that many its users were migrant workers who would be sending money to their home country. As these workers were earning money as drivers on the Careem app, this meant it already stored the money the user wished to transfer. This combined the ride-hailing element of the app with the remittance feature; creating an overall stronger offering. When adding new features, particularly payment ones, a brand must look at who its customer base is and what services it already offers. By offering services that synergise with existing offerings, and targeting existing customers, an app can maximise the chances of a new feature’s success. The downside to this is it focuses on an existing user base; potentially limiting its ability to grow the total customer base.
Source: infinum
Careem sets a clear example of how to grow a specialised app into a superapp, with others such as Grab and Gojek following similar paths. Vendors looking to launch an app or expand an existing one must understand what these success stories did to get to where they are, and draw relevant lessons for themselves. Key considerations are modularity from the beginning to simplify the process of expanding the wallet as it grows, targeting features to a specific audience or a gap in the market, and using inbuilt payments and funds to provide a seamless checkout experience and keep a user’s money within the superapp ecosystem.
Michael is a Senior Research Analyst at Juniper Research, and primarily conducts research on digital identity and payments markets. His recent reports include Digital Wallets, Digital Identity, and Instant Payments.
Latest research, whitepapers & press releases
-
ReportSeptember 2025Sustainability & Smart Cities
Smart Grid Market: 2025-2030
Our cutting-edge Smart Grid research suite provides a comprehensive view of a market at the forefront of the global energy transition. It examines the major disruptions transforming the sector, from the integration of distributed energy resources and the rise of virtual power plants to the growing role of AI-driven intelligence and the mounting need for robust cyber security and compliance.
VIEW -
ReportSeptember 2025Fintech & Payments
eCommerce Payments Market: 2025-2030
Juniper Research’s eCommerce Payments research suite provides a comprehensive and insightful analysis of this market; enabling stakeholders, from eCommerce payment platform providers to merchants and payment service providers, to understand future growth, key trends, and the competitive environment.
VIEW -
ReportSeptember 2025Telecoms & Connectivity
A2P & Business Messaging Market: 2025-2030
Our extensive A2P & Business Messaging research suite comprises detailed analysis of a market undergoing rapid evolution. It provides guidance to mobile operators on how to navigate this shift and grow revenue from business messaging in the future.
VIEW -
ReportAugust 2025Fintech & Payments
Fraud Detection & Prevention in Banking Market: 2025-2030
Our Fraud Detection and Prevention in Banking research suite provides a comprehensive and in-depth analysis of the types of fraud, and methods that can be used to overcome them. This enables stakeholders such as banks, financial institutions, and fintechs to understand future growth, key trends and the competitive environment.
VIEW -
ReportAugust 2025Sustainability & Smart Cities
Smart Buildings Market: 2025-2030
Our Smart Buildings research suite provides in-depth analysis and evaluation of how hardware and software service providers are reimagining smart building solutions as living ecosystems, using Internet of Things (IoT) and AI.
VIEW -
ReportAugust 2025Telecoms & Connectivity
Network APIs Market: 2025-2030
Our Network API research suite provides operators, CPaaS providers, and other GSMA channel partners with extensive analysis and actionable insights into the rapidly growing network API market. It contains data that allows stakeholders in the market to make informed decisions on their product development and business strategies in the network API market.
VIEW
-
WhitepaperSeptember 2025
Decentralising the Smart Grid: Opportunities & Challenges
Our complimentary whitepaper, Decentralising the Smart Grid: Opportunities & Challenges, explores how distributed energy resources, renewable integration, and virtual power plants are reshaping grid management.
VIEW -
WhitepaperSeptember 2025Fintech & Payments
Going Glocal ~ Why Local Payment Methods Are Driving eCommerce
Our complimentary whitepaper, Going Glocal ~ Why Local Payment Methods Are Driving eCommerce, assesses how local payment methods are driving the increasing accessibility to eCommerce, and challenges to eCommerce growth.
VIEW -
WhitepaperSeptember 2025Telecoms & Connectivity
Operator Success Strategies in A2P Messaging for 2026
Our complimentary whitepaper, Operator Success Strategies in A2P Messaging for 2026, examines the outlook of the A2P messaging market over the next five years.
VIEW -
WhitepaperAugust 2025Fintech & Payments
Synthetic Identity Fraud: The Lurking Threat to Modern Banking
Our complimentary whitepaper, Synthetic Identity Fraud: The Lurking Threat to Modern Banking, examines the current fraud landscape; explaining the role of key actors in the fraud prevention landscape, and recent developments within the fraud prevention industry.
VIEW -
WhitepaperAugust 2025Sustainability & Smart Cities
Foundations of Smart Buildings: AI, IoT & Energy Efficiency
Our complimentary whitepaper, Foundations of Smart Buildings: AI, IoT & Energy Efficiency, evaluates the main technical components of smart building architecture; being the key objectives and challenges for their acquirement and deployment in the market, as it currently stands.
VIEW -
WhitepaperAugust 2025Telecoms & Connectivity
How Operators Can Unlock the $8 billion Network API Opportunity
Our complimentary whitepaper, How Operators Can Unlock the $8 billion Network API Opportunity, explores how operators can capitalise on the opportunities in the network API market, both now and in the future.
VIEW
-
Sustainability & Smart Cities
Smart Grids to Support 43% of Global Electricity Supply by 2030, Driven by Virtual Power Plants
September 2025 -
Telecoms & Connectivity
Calling All Telecoms & Connectivity Innovators: 2026 Future Digital Awards Now Open for Entries
September 2025 -
Fintech & Payments
eCommerce Market to Surpass $13 Trillion by 2030 Globally, with Stripe, Visa, and PayPal Leading the Charge
September 2025 -
Telecoms & Connectivity
Conversational Use Cases Fuel Global Messaging Boom: Nearly 3 Trillion Business Messages by 2030
September 2025 -
Telecoms & Connectivity
Cellular IoT Connectivity Revenue to Exceed $30 Billion Globally in 2030
August 2025 -
Sustainability & Smart Cities
eScooter Spend to Surpass $7 Billion Globally by 2030, as Rider Freedom Spurs Growth
August 2025