botim money Strengthens International Money Transfer Capabilities Through Mastercard Collaboration

botim money, the financial services arm of Astra Tech, has partnered with Mastercard to integrate the Mastercard Move platform into its ecosystem. This collaboration enables users in the United Arab Emirates to send international remittances to over 150 countries directly through the botim app. The initiative is a significant development for the Payments & Money Transfer sector as it merges communication and financial services to support the UAE's large expatriate population and its transition toward a cashless digital economy.

Through this integration, botim money users can now facilitate near real-time international money transfers with multiple payout options, including bank accounts, mobile wallets, and cash pickups, depending on the destination market. The service leverages Mastercard Move’s global infrastructure, which provides access to more than 95% of the world's banked population across 200 countries and territories and supports over 150 currencies. By embedding these capabilities within the existing botim app, the company aims to reduce transaction complexity and provide a seamless experience that does not require users to switch between different service providers.

Dr. Tariq Bin Hendi, Board Member of Astra Tech and CEO of botim, stated that the collaboration is central to the company's mission of unifying communication and finance under one smart ecosystem. He emphasized that the initiative makes money transfers faster and more inclusive, particularly for users who currently have limited financial access. Mastercard representatives highlighted that cross-border payments are a vital lifeline for expatriates in the UAE, and that partnering with fintech players like botim is essential for promoting financial inclusion by making essential services more accessible and affordable at the user's fingertips.

The expansion of botim money's remittance capabilities comes at a time when the UAE fintech sector is projected to grow to USD 6.43 billion by 2030. botim money is currently licensed by the Central Bank of the UAE as both a Stored Value Facility (SVF) and a Retail Payment Services (RPS) provider. This collaboration aligns with broader national initiatives to enable instant, interoperable payments and supports the government’s vision for a digital economy. Beyond remittances, botim money continues to build its portfolio of financial solutions, which includes prepaid cards, bill payments, credit, and salary disbursement tools.