Dubai-based botim money, the financial services division of Astra Tech’s flagship platform, botim, has announced a strategic partnership with Mastercard to enhance its international remittance services. This collaboration leverages Mastercard Move, enabling users to send funds from the UAE to over 150 countries with multiple payout options. The integration promises faster, safer, and more seamless cross-border transfers directly from the botim app.
Expanding Financial Access
Through this partnership, botim money users can send money to bank accounts, mobile wallets, or cash pickup points, depending on local market requirements. By embedding Mastercard Move’s advanced money movement capabilities, the platform significantly reduces transaction time and complexity. This approach reinforces botim’s commitment to offering near real-time international remittances within a regulated and secure ecosystem.
Leadership Perspectives
Dr. Tariq Bin Hendi, Board Member of Astra Tech and CEO of botim, highlighted that the collaboration unifies communication and finance under a single smart ecosystem. He emphasized that embedding global remittances into the botim app makes transfers faster, safer, and more inclusive, especially for those with limited financial access. According to Dr. Bin Hendi, this initiative strengthens botim’s mission to make financial services intuitive, accessible, and empowering for all users.
Gina Petersen-Skyrme, Country Manager for UAE and Oman at Mastercard, added that cross-border payments are essential for expatriates and their families. She noted that Mastercard focuses on delivering fast, secure, and affordable international money transfers. Partnerships with fintech innovators like botim are crucial to promoting financial inclusion and expanding access to essential financial services.
Seamless Integration for Users
The collaboration integrates Mastercard’s global infrastructure with botim’s growing financial ecosystem, allowing UAE users to complete international transfers without leaving the app. Users no longer need to switch between service providers, simplifying the process and saving valuable time. The seamless in-app experience demonstrates how fintech solutions can enhance convenience while maintaining security and compliance.
Industry Impact
This announcement arrives at a critical moment for the UAE’s fintech sector, projected to reach USD 6.43 billion by 2030. It aligns with the country’s broader vision for a cashless, inclusive digital economy, as supported by initiatives from the Central Bank of the UAE. By integrating international remittance capabilities, botim contributes to the development of instant and interoperable payment systems nationwide.
About Mastercard Move and botim money
Mastercard Move provides a comprehensive suite of money movement technologies, covering more than 200 countries and territories and over 150 currencies. The platform offers multiple payout options—including bank account, mobile wallet, card, and cash—allowing users flexibility and access even in underbanked regions. Licensed by the UAE Central Bank as a Stored Value Facility and Retail Payment Services provider, botim money continues to expand its offerings, including prepaid cards, bill payments, salary disbursement tools, credit, and local and international remittances.
The botim money–Mastercard partnership exemplifies the evolving fintech landscape, combining innovation, security, and user-centric design. By embedding global remittances directly into the botim app, the collaboration enhances financial accessibility for millions in the UAE. As the sector grows, such initiatives are set to redefine cross-border payments, delivering convenience and inclusion to both urban and underserved communities.