Latest news with #TariqBinHendi
Zawya
14-05-2025
- Business
- Zawya
Botim officially launches 'Send Now, Pay Later' feature to enhance financial flexibility for UAE expats
Dubai, United Arab Emirates – Astra Tech, the UAE-based consumer technology holding group, has announced the launch of the 'Send Now, Pay Later' (SNPL) feature within its Botim Ultra App. This feature enables users to instantly remit up to AED 5,000 to over 200 countries, offering them the flexibility to repay over a period of six months. SNPL is designed to address urgent financial needs and enhance remittance accessibility, particularly for expatriates in the UAE who may face challenges accessing formal credit systems. The feature provides users with a secure, deferred payment mechanism for international transfers, directly embedded within the Botim experience. The SNPL feature comes at a time of significant growth in the digital remittance sector. With the UAE's digital remittance market projected to reach $1.5 billion by 2030, Botim's SNPL feature is well-positioned to play an integral role in shaping this evolution. It reinforces Botim's position as a key enabler of accessible, tech-driven financial solutions, aligning with the UAE's broader digital economy ambitions. 'The introduction of the 'Send Now, Pay Later' feature on Botim marks a significant step in our mission to enhance financial inclusion in the UAE,' said H.E. Dr Tariq bin Hendi, CEO and Board Member of Astra Tech and Botim. 'By offering a secure, flexible remittance solution, we are meeting the real financial needs of the expatriate community, empowering them to support their families. This innovation aligns with the UAE's broader commitment to foster financial inclusion and literacy, positioning the nation as a global leader in inclusive growth and sustainable development.' While the concept was initially announced in 2024, the official launch is backed by a Finance Company License granted to Astra Tech's Quantix subsidiary by the Central Bank of the UAE (CBUAE). The rollout reflects strong user interest and Astra Tech's continued focus on delivering embedded financial services that respond to evolving consumer needs. The feature was unveiled at the Dubai Fintech Summit 2025, further reinforcing Astra Tech's role in shaping the future of integrated fintech offerings in the region. This latest feature is a key step in Botim's mission to transform into an ultra-app delivering more than just messaging services. With features like SNPL, Botim is advancing financial empowerment by expanding access to flexible and embedded remittance options for underserved users. About Astra Tech: Astra Tech is the leading consumer technology holding group in the MENA region, focused on transforming everyday services through its Ultra app. The group's portfolio includes PayBy, Botim, and Quantix. PayBy holds Stored Value Facility (SVF) and Retail Payment Services (RPSCS) licenses, further solidifying Astra Tech's position in the financial technology sector. Quantix is the first fintech in the UAE to receive a Finance Company License from the Central Bank of the UAE (CBUAE) since 2008. The Ultra app, developed under Botim, operates in 155 countries, serves over 150 million users, providing more than just free VoIP calling and has also integrated services such as international money transfers, bill payments, and UAE visa services. Astra Tech is committed to advancing technology and enhancing user experience across the region. Additional information may be found at | LinkedIn: or
Fintech News ME
14-05-2025
- Business
- Fintech News ME
Botim and Mbank Launch UAE's First Fintech-Integrated Jaywan Card
Astra Tech 's flagship platform Botim has partnered with Mbank, a digital bank in the UAE, to introduce the country's first fintech integrated Jaywan card scheme. The agreement was announced during a signing ceremony at the Dubai Fintech Summit. Through this partnership, Botim, powered by PayBy, becomes the first fintech platform in the UAE to issue Jaywan cards. The initiative supports the Central Bank of the UAE's efforts to establish a national payment system and aligns with the country's aim to reduce reliance on cash transactions. The new prepaid card service will allow Botim users to make digital payments across the Emirates without requiring a traditional bank account. Users will be able to apply for and activate their Jaywan card directly within the Botim app. Dr Tariq Bin Hendi, CEO and Board Member of Astra Tech and Botim said, 'The launch of the Jaywan scheme via Botim represents a strategic commitment to enhancing the accessibility and infrastructure of financial services in the UAE. By integrating this national payment solution into our platform, we are empowering users with greater financial autonomy and contributing to the UAE's digital transformation goals.' Mohammed Wassim Khayata, CEO of Mbank added, 'Our partnership with Botim to introduce the Jaywan card scheme is a testament to our shared vision of driving financial innovation and inclusion in the UAE. This initiative underscores our commitment to providing cutting edge digital banking solutions that meet the evolving needs of our customers.' The Jaywan card scheme, developed under the supervision of the Central Bank of the UAE and powered by Network International, is the country's first domestic card system. It is intended to strengthen financial sovereignty and provide interoperable local payment solutions. This addition builds on Botim's existing financial services, which include multi currency prepaid cards, global remittance capabilities, micro lending, and in app financial tools.
Mid East Info
12-05-2025
- Business
- Mid East Info
Botim Becomes UAE's First Fintech to Roll Out Jaywan Cards in Strategic Partnership with Mbank - Middle East Business News and Information
Dubai, UAE – 12th May 2025 : In a significant advancement for the UAE's digital economy, Astra Tech's flagship platform, Botim, has partnered with Mbank, a leading digital bank in the United Arab Emirates, to introduce the nation's first fintech-integrated Jaywan card scheme. The announcement was made during a signing ceremony at the Dubai Fintech Summit, with the presence of H.E. Dr. Tariq Bin Hendi, CEO and Board Member of Astra Tech & Botim, and Mohammed Wassim Khayata, CEO of Mbank. This collaboration positions Botim, powered by PayBy, as the first fintech platform in the UAE to enable Jaywan card issuance, aligning with the Central Bank's national payment objectives and the country's broader ambition to foster a cashless society. The new prepaid card service will provide Botim users with a secure, convenient, and fully digital payment solution, enabling seamless cashless transactions across the Emirates. H.E. Dr. Tariq Bin Hendi stated, 'The launch of the Jaywan scheme via Botim represents a strategic commitment to enhancing the accessibility and infrastructure of financial services in the UAE. By integrating this national payment solution into our platform, we are empowering users with greater financial autonomy and contributing to the UAE's digital transformation goals.' Mohammed Wassim Khayata, CEO of Mbank , added, 'Our partnership with Botim to introduce the Jaywan card scheme is a testament to our shared vision of driving financial innovation and inclusion in the UAE. This initiative underscores our commitment to providing cutting-edge digital banking solutions that meet the evolving needs of our customers.' Developed under the supervision of the Central Bank of the UAE and powered by Network International, the Jaywan scheme serves as the nation's first domestic payment card system. It is designed to enhance financial sovereignty, reduce dependence on international schemes, and support the growing demand for localized, interoperable payment solutions. With this partnership, verified users will be able to apply for and activate their Jaywan prepaid card directly within the Botim app, eliminating the need for traditional bank accounts and bringing secure digital payments to a broader audience. This initiative builds upon Botim's evolving fintech ecosystem, which includes multi-currency prepaid cards, real-time global remittances, micro-lending, and in-chat financial services. The integration of the Jaywan scheme further solidifies Botim's position as a comprehensive digital lifestyle platform, redefining the landscape of fintech services in the MENA region. -END- About Astra Tech Astra Tech is a UAE-based consumer technology investment and development group operating across the MENA region. Established in 2022, the company owns and operates a portfolio of leading digital platforms including Botim, PayBy, and Quantix. With a mission to redefine consumer technology through AI and innovation, Astra Tech developed the Botim Ultra app, the region's first platform to integrate communication, fintech, and services under one roof. PayBy, Astra Tech's fintech subsidiary, is licensed by the Central Bank of the UAE as a Stored Value Facility (SVF) and Retail Payment Services (RPS) provider. Serving over 150 million users in 155 countries, Astra Tech is setting new benchmarks for financial accessibility and consumer empowerment. In 2024, its fintech arm Quantix received the Finance Company License from the UAE Central Bank and secured a $500 million investment from Citi, the largest funding deal for a fintech in UAE history. For Press Enquiries, please contact: astratech@ I Sarah Kanji I 058 599 0089 About Al Maryah Community Bank (Mbank) Al Maryah Community Bank is the first fully integrated digital bank in the UAE, providing an omnichannel experience for both individual consumers and small businesses. The bank is highly specialized, focusing on growth and serving the UAE community, which includes UAE Nationals, residents, and businesses (both SMEs and corporates). The bank's vision aligns with that of the UAE's leaders, who are committed to supporting individuals and small businesses within the UAE economy and fostering a forward-thinking culture that emphasizes innovation and technology. For further information, please contact us on 600571111 or info@ .
Gulf Business
26-03-2025
- Business
- Gulf Business
Astra Tech launches Botim AI, 150 million users to benefit from features
Image: Supplied Astra Tech has integrated Botim AI into its Botim Ultra App, introducing advanced artificial intelligence capabilities to more than 150 million users worldwide. Botim AI functions as a chat assistant, designed to enhance user interaction by providing free, seamless access to AI-powered features. The assistant supports a range of functions, including productivity, education, research, and everyday problem-solving, directly within the Botim: Setting standards for intelligent, seamless interactions Dr Tariq Bin Hendi, board member and CEO of 'The launch of Botim AI marks a significant milestone in our journey to revolutionise digital communication in the MENA region. By integrating advanced AI capabilities, we are enhancing user experiences and setting new standards for intelligent, seamless interactions. 'This innovation underscores our commitment to leveraging cutting-edge technology to meet the evolving needs of our users while advancing our mission to deliver more inclusive solutions that empower individuals from all demographics and enable frictionless engagement with our solutions.' Currently, Botim AI supports chat-based interactions, with plans to introduce web search capabilities and action-based integrations in future updates. The company is also working toward executional AI, enabling users to complete tasks in their native language. This aligns with growing demand for AI solutions that offer inclusive and accessible interactions. How to access it Botim AI is accessible from the app's landing page, Explore, and Search sections. Users can upgrade to the latest version of the Ultra App to access the new features, with options to securely save chat histories or delete past conversations for privacy.
Zawya
26-03-2025
- Business
- Zawya
Astra Tech unveils Botim AI
Dubai, UAE – Astra Tech announced the integration of Botim AI into its Botim Ultra App, bringing advanced AI capabilities to the platform and enhancing accessibility for over 150 million global users. This makes Botim the first fintech in the region to introduce this innovation. Botim AI is a chat assistant designed to elevate user engagement and interaction, offering free, seamless access to cutting-edge features directly within the Ultra App. Users will benefit from intelligent, AI-driven conversations and assistance across various areas, including productivity, education, research, and everyday problem-solving. H.E. Dr. Tariq Bin Hendi, Board Member and CEO of Astra Tech, commented: "The launch of Botim AI marks a significant milestone in our journey to revolutionize digital communication in the MENA region. By integrating advanced AI capabilities, we are enhancing user experiences and setting new standards for intelligent, seamless interactions. This innovation underscores our commitment to leveraging cutting-edge technology to meet the evolving needs of our users, while advancing our mission to deliver more inclusive solutions that empower individuals from all demographics and enable frictionless engagement with our solutions." The AI currently supports chat-based interactions, with enhancements such as web search capabilities and action-based integration planned for future phases. As part of its strategic evolution, Botim is advancing toward the deployment of executional AI, enabling users to complete tasks in their native language with ease. This innovation meets the growing demand for inclusive AI solutions that ensure seamless, accessible interactions, empowering individuals from all backgrounds to engage effortlessly with the Ultra App. Botim AI represents a significant step forward in the evolution of communication apps in the MENA region, offering users a smarter, more interactive way to connect and engage. Easily accessible from the landing page, Explore, and Search sections of the app, Botim AI allows current users to simply update to the latest version to access these new features directly on the landing page. Additionally, users can securely save chat history for future reference and have the option to delete past conversations for privacy and control. About Astra Tech: Astra Tech is the leading consumer technology holding group in the MENA region, focused on transforming everyday services through its Ultra app. The group's portfolio includes PayBy, Botim, and Quantix. PayBy holds Stored Value Facility (SVF) and Retail Payment Services (RPSCS) licenses, further solidifying Astra Tech's position in the financial technology sector. Quantix is the first fintech in the UAE to receive a Finance Company License from the Central Bank of the UAE (CBUAE) since 2008. The Ultra app, developed under Botim, operates in 155 countries, serves over 150 million users, providing more than just free VoIP calling and has also integrated services such as international money transfers, bill payments, and UAE visa services. Astra Tech is committed to advancing technology and enhancing user experience across the region. Media: contact@
