Botim Money, the financial services arm of messaging platform Botim, announced on Tuesday that it has partnered with Mastercard to broaden its global remittance services, enabling users to send money out of the UAE to more than 150 nations.
The partnership incorporates Mastercard Move into the Botim app, which allows international transfers to be paid out to a bank account, mobile wallet, or cash pickup, depending on the destination market.
The Botim money indicated that the integration would enable users to execute fast and secure cross-border transfers directly in the application, providing almost real-time payments across markets. The company claimed that the action makes it a better fintech-first and AI-native platform that serves millions of customers in the UAE and globally.
Board Member of Astra Tech and Chief Executive Officer of Botim, Dr Tariq Bin Hendi, said, “Our collaboration with Mastercard strengthens our mission to unify communication and finance under one smart ecosystem. By embedding global remittances into botim, we’re making money transfer faster, safer, and more inclusive, especially for users who have limited financial access.”
Gina Petersen-Skyrme, country manager of the UAE and Oman at Mastercard, remarked that cross-border payments are critical to the expatriate communities within markets like the UAE.
She stated, “At Mastercard, we provide communities with fast, convenient, secure, and affordable ways to transfer money internationally. Our collaborations with innovative fintech players such as botim play a key role in promoting financial inclusion.”
The program is a collaboration between Mastercard’s global payment infrastructure and Botim’s financial ecosystem that enables UAE users to make international transfers without leaving the app or switching service providers.
The announcement follows the further growth of the fintech market in the UAE, which is estimated to reach $6.43 billion by 2030. The partnership is also in line with the government-led drive in the UAE to a cashless and inclusive digital economy, which has been enhanced by the Central Bank of the UAE’s efforts to facilitate instant and interoperable national payments.
However, the company has a range of money movement solutions under the name Mastercard Move that include more than 200 countries and territories and over 150 currencies, and it has access to over 95 percent of the banked population of the world.
It allows various payout solutions such as bank accounts, mobile wallets, cards, and cash, depending on the market. Botim money is licensed by the Central Bank of the UAE as a Stored Value Facility and Retail Payment Services provider.
The company reported that it is still growing its services in international and local remittances, prepaid cards, bill payments, credit services, and salary disbursement services.
