Botim Financial, the financial services branch of the Botim app, which prioritizes financial solutions, has announced a new partnership with Mastercard aimed at enhancing international money transfer services by leveraging the Mastercard Move platform.
This collaboration will enable users of the Botim app to send money from the UAE to over 150 countries worldwide. Funds can be transferred directly to bank accounts, electronic wallets, or withdrawn as cash, aligning with the requirements of various markets.
The Mastercard Move portfolio encompasses a wide array of innovative money transfer technologies, allowing Botim users to conduct international transactions more swiftly and securely. This initiative solidifies Botim’s position as a leading platform in the region, utilizing artificial intelligence to provide comprehensive financial technology solutions through Botim Financial, facilitating instant and reliable transfers across the globe.
Dr. Tarek Bin Hindi, board member of Astra Tech and CEO of the Botim platform, remarked that the partnership with Mastercard supports their mission to integrate communications and financial solutions into a cohesive intelligent system that meets user needs. He added that the collaboration offers a faster, safer, and more inclusive mechanism for money transfers, especially for users who face challenges accessing these services, by integrating global payment solutions within the Botim platform. This partnership underscores their commitment to making financial services accessible to all.
According to Gina Peterson Skyrm, Mastercard’s Director in the UAE and Oman, international payment services are crucial for expatriates in the UAE and in other regional markets, as well as for their families back home. Mastercard aims to meet customer demands by enabling global money transfers that adhere to the highest standards of speed, quality, and security at competitive prices. Thus, collaborating with innovative fintech companies like Botim contributes to financial inclusion by making these essential services available to everyone.
This partnership merges Mastercard’s global infrastructure with Botim’s extensive financial systems, allowing users across the UAE to transfer money worldwide seamlessly. Additionally, Botim continues to provide international payment services through Botim Financial, enabling users to send money without having to leave the app or switch between service providers, simplifying the transfer process and reducing the time needed to complete transactions.