botim money Expands Collaboration with Mastercard to Enhance Digital Payments in UAE

Strategic Expansion of Digital Payment Solutions

Dubai-based botim money, the financial services division of botim, has announced an expanded collaboration with Mastercard aimed at enhancing digital payment solutions in the UAE. This partnership marks the next phase in botim’s card issuance journey, building on over two years of successful Mastercard card issuance. The newly established agreement outlines a long-term strategic vision and a joint roadmap focused on advancing reliable, digital-first payment experiences.

The botim money cards will be available without a minimum salary requirement, significantly broadening eligibility for residents across the UAE. This initiative is designed to promote everyday payment access for a more diverse user base while adhering to standard service practices. The collaboration not only reflects the performance and scale of the program thus far but also lays the groundwork for ongoing enhancements to the card experience, further integrating additional use cases across spending, payments, and financial services.

Support for Dubai’s Cashless Strategy

This announcement aligns with Dubai’s ambitious goal to have cashless transactions account for 90% of all transactions by the end of 2026. By expanding eligibility through a regulated, digital-first card program, the partnership strengthens botim money’s role as a key contributor to Dubai’s Cashless Strategy. Dr. Tariq Bin Hendi, Board Member at Astra Tech and CEO of botim, emphasized the importance of reliable and inclusive access to card payments for the UAE’s residents.

Gina Petersen-Skyrme, Senior Vice President and Country Manager for UAE and Oman at Mastercard, highlighted the depth of the strategic agreement, reinforcing Mastercard’s commitment to providing secure and scalable payment solutions. By integrating Mastercard’s global network with botim money’s digital platform, the collaboration aims to deliver seamless payment experiences built on a foundation of trust.

About botim money and Mastercard

botim money, formerly known as PayBy, is part of Astra Tech’s ecosystem, which focuses on advancing financial inclusion through secure and user-friendly financial solutions. Licensed by the Central Bank of the UAE, botim money offers a suite of services including digital wallets, money transfers, lending, and online payments, serving over 150 million users globally, with more than 8.5 million in the UAE alone.

Mastercard operates in over 200 countries and territories, providing a range of digital payment options that aim to make transactions secure and accessible. The collaboration with botim money is part of Mastercard’s broader mission to build a sustainable economy where everyone can prosper.

Frequently Asked Questions

What is the goal of the collaboration between botim money and Mastercard?

The collaboration aims to enhance digital payment solutions in the UAE and support Dubai’s goal of cashless transactions accounting for 90% of all transactions by 2026.

Are there any salary requirements for obtaining a botim money card?

No, botim money cards are available without a minimum salary threshold, increasing eligibility for a broader range of users.

What services does botim money provide?

botim money offers digital wallets, money transfers, lending, remittances, and both in-store and online payment solutions.

How does this partnership support financial inclusion?

By broadening access to digital payments and removing salary barriers, the collaboration aims to ensure more residents can participate in the digital economy.

What is Mastercard’s role in this partnership?

Mastercard provides its global network and expertise to enhance the security and scalability of botim money’s digital payment solutions.