New service to allow users to send money internationally, instantly, and make payments later

Using the Botim Ultra App, customers will be able to send money overseas instantaneously and make payments thereafter. This is a first-of-its-kind service. By providing them with greater financial flexibility, the Send Now, Pay Later (SNPL) program will assist the UAE's sizable foreign workforce. 

When finances are tight, as at month's end, users can send money overseas and pay back in manageable installments at a later time. This feature is really helpful. Botim has thus far provided this service, making it the only fintech in the MENA area to do so.

The launch is in line with Astra Tech's goal of increasing financial inclusion in the area. This comes after they obtained a Finance Company License from Quantix, a financial services firm that holds a UAE Central Bank license. The company provides Buy Now, Pay Later (BNPL) and SNPL, among other financial solutions.

Botim will launch a pre-registration form for its 9 million customers ahead of the formal roll-out, enabling early adopters to take advantage of flexible payment options and quick remittance transfers.