botim money, the financial services arm of botim, and Mastercard, the global payments technology company, have announced a strategic collaboration to expand global remittance capabilities through Mastercard Move.
The partnership is designed to broaden access to fast, secure and seamless cross-border money transfers, enabling botim money users to send funds from the UAE to more than 150 countries directly within the botim app, according to FF News.
Under the collaboration, botim money has integrated Mastercard Move’s money movement capabilities, allowing users to transfer money to bank accounts, mobile wallets or via cash pickup, depending on the destination market. The move strengthens botim’s position as a fintech-first and AI-native platform by embedding near real-time international transfers into a service already trusted by millions of users.
botim money operates as a regulated financial services platform within the wider botim ecosystem, combining communication and financial tools in a single application. Licensed by the Central Bank of the UAE as both a Stored Value Facility (SVF) and Retail Payment Services (RPS) provider, botim money continues to expand its portfolio across international and local remittances, prepaid cards, bill payments, credit products and salary disbursement services.
Mastercard, meanwhile, provides the global infrastructure underpinning the partnership through Mastercard Move. The portfolio enables money transfers across more than 200 countries and territories and supports over 150 currencies, with access to more than 95% of the world’s banked population. Depending on the market, Mastercard Move offers multiple payout methods, including bank accounts, mobile wallets, cards and cash, supporting both banked and underbanked users.
By keeping cross-border payments within the botim experience, the partnership reduces friction for users by removing the need to switch between different providers. Funds can be transferred internationally with just a few taps, streamlining the process and reducing transaction complexity.
The announcement comes as the UAE’s FinTech sector continues to accelerate, with the market projected to grow to $6.43bn by 2030. The collaboration also aligns with the UAE government’s push towards a cashless and inclusive digital economy, supporting initiatives led by the Central Bank of the UAE to enable instant and interoperable payments nationwide.
The partnership further reinforces Mastercard’s strategy of working closely with FinTech players to drive innovation in cross-border payments, while supporting botim’s ambition to unify communication and finance within a single, consumer-centric and regulated platform.
Astra Tech board member and botim CEO 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. This collaboration reiterates our commitment to making financial services accessible, intuitive, and empowering for everyone.”
Mastercard country manager, UAE & Oman Gina Petersen-Skyrme said, “Cross-border payments serve as a lifeline between expats in markets like the UAE and their families back home. 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 by bringing this essential financial service to people’s fingertips.”
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