back Back

Astra Tech brings Apple Pay to its Botim prepaid card customers

By Delisha Fernandes

December 05, 2023

  • Apple Pay
  • Astra Tech
  • BOTIM
Share

Astra Tech, FinTech, Payments, Acquisition, Loan Champ, Lending, Platform, Loans, UAE, Philippines, Y Finance Inc., APACAstra Tech, a consumer technology holding group in the MENA region, brings Apple Pay to its Botim Prepaid Card customers.

Apple Pay provides Botim Prepaid Card users with a tokenized process, which is a safer, more seamless and secure way to pay — and uses the power of the iPhone to protect every transaction.

To use, customers simply double-click and hold their iPhone or Apple Watch near a payment terminal to make a contactless payment. Every Apple Pay purchase is secure because it is authenticated with Face ID, Touch ID, or device passcode, as well as a one-time unique dynamic security code. Apple Pay is accepted in grocery stores, pharmacies, taxis, restaurants, coffee shops, retail stores, and many more places.

Additionally, customers can also use Apple Pay on iPhone, iPad, and Mac to make faster and more convenient purchases in apps or on the web in Safari without having to create accounts or repeatedly type in shipping and billing information.

Security and privacy are at the core of Apple Pay and Botim. When customers use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted, and securely stored in the Secure Element, an industry-standard, certified chip designed to store the payment information safely on the device.

Apple Pay is easy to set up. On iPhone, simply open the Wallet app, tap the plus sign (+), and follow the prompts to add the Botim Prepaid Card. Once a customer adds a card to an iPhone and Apple Watch, they can start using Apple Pay on that device right away.

Botim’s Multi-currency Prepaid Card, launched in partnership with Mastercard in August 2023, set a new standard in the financial technology landscape; ensuring all segments have access to inclusive financial and fintech solutions, overcoming traditional banking barriers.

Previous Article

December 05, 2023

Mangopay partners with Mondu for B2B BNPL

Read More
Next Article

December 05, 2023

JIVF partners with OpenWay for accelerate FinTech transformation

Read More








IBSi Daily News Analysis

Fraud

February 23, 2024

Apple Pay

Regulated firms battle surge in financial crime attempts, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Ebury and Nium team to offer cross-border payments in Brazil

Read More

Today

FinTech Focus: Catch latest developments of the week

Read More

Today

MultiPay teams up with Acquired.com to launch Pay By Bank

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023