back Back

Astra Tech’s Botim & IME to streamline Nepalese expats’ remittances

By Gloria Mathias

October 18, 2023

  • APAC Fintech
  • APAC Fintech news
  • Astra Tech

AstraTech, Nepal, Remittances Services, Money Transfers, IME Nepal, Dubai Fintech, Secure Payments, safe Payments, Global Fintech News, Fintech NewsAstra Tech, the consumer technology in MENA, has partnered with IME Nepal to introduce remittance services that guarantee quick and secure fund transfers to Nepal through the Botim Ultra app.

Botim, powered by PayBy and licensed by the UAE Central Bank, will provide its users with a seamless method to transfer money securely to Nepal. This collaboration brings benefits for Nepalese expats who seek a hassle-free way to send funds to their home country.

Botim extends a secure and accessible economic lifeline to individuals who might otherwise face barriers to traditional banking services. Through this addition, Botim is committed to empowering a broader spectrum of individuals, fostering economic participation, and engendering a more inclusive financial landscape for all.

Marc Michel, Chief Business Officer at Astra Tech stated, “We’re excited about our partnership with IME Nepal as it represents our commitment to embracing innovation in the world of finance, taking us one step closer to making financial services more accessible to everyone. Our strategic partnerships focus on empowering individuals, catalyzing economic participation, and forging a more equitable and efficient future in the UAE and beyond. Through the Botim Ultra app, we’re working towards initiatives and collaborations that help put our vision into a reality of making the lives of our millions of users simpler, and this partnership is a testament to that commitment.”

This partnership will enable swift fund transfers, ensuring that transactions are delivered instantly to recipients in Nepal at market-competitive exchange rate offers, allowing senders to maximize the value of their remittances.

Khilendra Paudel. Chief Executive Officer at IME Limited said, “Our partnership with the PayBy-powered Botim platform signifies a major milestone in IME’s quest to revolutionize the remittance industry. Together we aim to provide a seamless and secure digital remittance experience for the Nepalese diaspora in the UAE. The alliance underscores our dedication to innovate and equip our users with cutting-edge solutions. We look forward to a successful and mutually beneficial partnership empowering individuals to conduct transactions with assurance in this swiftly evolving digital landscape.”

Previous Article

October 18, 2023

Jack Henry unveils cloud-native fraud and AML solution

Read More
Next Article

October 18, 2023

myPOS enables Tap to Pay on iPhone for merchants in the UK

Read More

IBSi Daily News Analysis


July 19, 2024

APAC Fintech

SMEs leverage cloud to gain competitive edge, study shows

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


UK Open Banking marks 10 million user milestone

Read More


Cash Plus goes live with Profile Software’s Finuevo Suite

Read More


OMS integrates GoCardless for smooth broker payments

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024