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MoneyGram Joins Forces with BOTIM to Launch Worldwide Cash Switch to Over 200 Nations

BOTIM, the biggest and hottest VoIP answer in MENA, is now the area’s first communications platform to allow its customers to seamlessly ship cash all over the world

Astra Tech, the proprietor of BOTIM, is the newest group to embed MoneyGram’s main fintech capabilities into its service choices

DALLAS, Jan 25, 2023 /PRNewswire/ — MoneyGram Worldwide, Inc. (NASDAQ: MGI), a number one world monetary know-how firm that connects the world’s communities, immediately introduced a strategic partnership with Astra Tech (Astra), a know-how funding and growth group primarily based within the united arab emirates (UAE) and the proprietor of BOTIM, the biggest and hottest Voice over Web Protocol (VoIP) answer within the Center East and North Africa (MENA) with over 90 million registered customers. Via this revolutionary partnership, BOTIM is the area’s first communications platform to allow its customers to seamlessly ship cash all over the world in close to real-time.

“As we more and more look to seize progress by opening our world community to new use circumstances, we’re thrilled to supply our main worldwide cash switch capabilities on probably the most trusted client messaging platform throughout the Center East,” mentioned Alex Holmes, MoneyGram Chairman and CEO. “We proceed to be excited in regards to the demand for our companies – not solely do thousands and thousands of customers all over the world depend on MoneyGram for his or her each day monetary wants, however increasingly more of the world’s prime organizations at the moment are in search of to embed our fintech capabilities into their service choices.”

“Partnering with MoneyGram will permit us to leverage their unparalleled safety and supply BOTIM customers world-class monetary companies. Collectively, we’re revolutionizing worldwide cash transfers by making it as seamless as sending a textual content message,” mentioned Abdallah Abu Sheikh, Astra Tech Founder and BOTIM CEO. “This represents our potential to attach folks not solely socially but in addition financially, whereas demonstrating our arrival as the primary chat-based communication platform that allows folks to ship cash residence with a click on of a button.”

Astra Tech is on a mission to create a platform that may supply every thing from immediate messaging to digital funds. Earlier this month, Astra Tech acquired BOTIM, making the corporate one of many largest communications know-how platforms within the MENA area. After just lately distributing a ballot asking customers which new service they have been most excited about accessing by the BOTIM app, greater than 2 million responses in 48 hours indicated that worldwide cash switch was the highest precedence.

“MoneyGram has spent over 80 years constructing one of many world’s largest P2P fee networks, and immediately’s announcement highlights the potential for all types of organizations to plug into that,” mentioned Grant Traces, MoneyGram Chief Income Officer. “I’m excited to see this partnership take type because it advances our main place within the Center East and spurs a optimistic affect for our enterprise whereas we proceed uncovering new alternatives to create significant processing income within the years forward.”

The service is anticipated to be out there to BOTIM customers within the UAE in February.

About MoneyGram Worldwide, Inc.
MoneyGram Worldwide, Inc. is a worldwide monetary know-how firm that allows customers and companies to maneuver and handle cash in practically each nation all over the world. Via its expansive set of fintech choices, MoneyGram gives thousands and thousands of customers yearly the power to seamlessly ship cash residence to household and mates, retailer cash in cell wallets, and purchase, promote and maintain cryptocurrencies on its industry-leading app. The Firm’s revolutionary cross-border platform allows its clients to ship funds straight into financial institution accounts and cell wallets or cash-in and cash-out greater than 135 currencies and quite a few cryptocurrencies by one of many largest money distribution networks on the earth. Fashionable, cell and API-driven, MoneyGram’s white-labeled remittance service additionally gives a few of the world’s prime manufacturers and organizations the power to disburse funds on to their client purchasers. Based mostly on Dallas and identified for its sturdy company tradition globally, MoneyGram has been named a recipient of the High Workplaces USES award for 2 consecutive years, an honor primarily based completely on worker suggestions.

BOTIM, famend for VoIP throughout the MENA area, is now reworking from a communication app into an extremely app. BOTIM will supply many companies, together with fintech, authorities companies, pharmacy, retail, and extra, for its customers to make their lives extra digital, seamless, and handy. Established in 2017, BOTIM operates in 155 international locations, providing free video and voice calls, cash transfers inside the UAE, telephone recharges and invoice funds domestically and internationally, group chats and group calls, gaming, well being options, and a Quran e book studying. Astra Tech, a UAE-based know-how growth group, acquired BOTIM in 2022.

MoneyGram Media Contact
sydney schoolfield
[email protected]

SOURCE MoneyGram



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