botim money Mastercard Remittance UAE: Global Transfers to 150+ Countries

botim money has integrated Mastercard Move to enable transfers to over 150 countries from the UAE. Here is what the new partnership means for users.

botim money integrates Mastercard Move for transfers to over 150 countries.
Payout options include bank accounts, mobile wallets, and cash pickup.
The service is fully embedded within the botim app for UAE users.
This partnership aims to support the UAE's cashless economy vision.
botim money is fully licensed by the Central Bank of the UAE.

In a significant financial collaboration for the region, botim money Mastercard remittance UAE services are set to expand globally. botim money has announced a partnership with Mastercard to integrate Mastercard Move, allowing UAE users to send funds to over 150 countries directly through the app.

This move comes as the UAE job market continues to attract international talent, keeping the demand for reliable remittance services high. This enhanced service for **botim money Mastercard remittance UAE** solidifies its position as a key player. The collaboration allows botim, the fintech arm of Astra Tech, to use Mastercard's global infrastructure to offer faster payouts and more receiving options for users sending money home.

botim money Mastercard Move UAE Partnership Details

The core of this announcement is the integration of Mastercard Move UAE into the botim ecosystem. This technology enables botim money users to transfer funds without leaving the application. The service covers over 150 countries and supports multiple payout methods depending on the destination market. These options include direct-to-bank transfers, mobile wallets, and cash pickups.

Dr. Tariq Bin Hendi, Board Member of Astra Tech and CEO of botim, said the collaboration strengthens their mission to unify communication and finance. "By embedding global remittances into botim, we’re making money transfer faster, safer, and more inclusive; especially for users who have limited financial access," he said.

Why botim money Mastercard Remittance Matters for UAE Residents

For the millions of expats living in the UAE, cross-border payments UAE are a monthly necessity. Traditional exchange houses often require physical visits or separate apps. By integrating this service into botim—an app many residents already use for calls and messaging—the company is betting on convenience to capture market share.

Gina Petersen-Skyrme, Country Manager for UAE & Oman at Mastercard, noted that cross-border payments serve as a "lifeline" between expats and their families. The partnership specifically targets financial inclusion, offering cash pickup options that are vital for recipients in developing markets who may not have bank accounts.

The Bigger Picture: Cross-Border Payments UAE & Fintech Trends

This announcement aligns with broader business trends in the region, similar to other major business developments where technology is being used to modernize traditional sectors. The UAE's fintech sector is projected to grow to USD 6.43 billion by 2030, driven by government initiatives for a cashless economy.

botim money is licensed by the Central Bank of the UAE as both a Stored Value Facility (SVF) and Retail Payment Services (RPS) provider. This regulatory compliance is crucial for building trust in a market where security is the primary concern for users sending hard-earned money abroad.

What Happens Next: botim money International Transfer Rollout

The service is designed to be available immediately within the botim app. While the company did not disclose specific transaction fees in the announcement, the integration aims to reduce the complexity often associated with international transfers. Users can expect to see the new destination options and payout methods roll out in the app's money transfer section.

FAQs

Which countries can I send money to using botim money?

You can send money from the UAE to over 150 countries globally. The service uses Mastercard Move to facilitate these transfers.

What are the payout options for recipients?

Depending on the destination country, recipients can receive funds via bank account deposit, mobile wallet credit, or cash pickup. You can select the preferred method within the app before sending.

Is botim money licensed in the UAE?

Yes, botim money is licensed by the Central Bank of the UAE. It holds licenses as a Stored Value Facility (SVF) and Retail Payment Services (RPS) provider.

Do I need a separate app to use this service?

No, the service is integrated directly into the main botim app. You do not need to download a separate application to access these remittance features.