Astra Tech and IME Nepal Partner for Money Transfers via Botim Ultra

Astra Tech, a prominent consumer technology holding group in the Middle East and North Africa, has joined forces with IME Nepal to deliver quick and secure money transfer services to Nepal via the Botim Ultra app. With PayBy powering the app and the UAE Central Bank's licensing, the goal is to offer users a streamlined method of safely transferring money to Nepal, bypassing complex intermediaries and extensive processes. This partnership will be especially advantageous for Nepalese expatriates seeking an easy way to send funds back home.

This vital partnership contributes significantly to promoting financial inclusiveness while providing several other benefits, such as improved efficiency. Botim offers a reliable and accessible financial option for those who may face difficulties with conventional banking services. It aims to cater to a wider audience, stimulate economic involvement, and create a more inclusive financial environment for all by incorporating this feature. For a country like Nepal, where remittance is one of the major sources of revenue and form a major part of its economy, a secure, advance and easier money transfer option is always a welcoming thing.

Marc Michel, Chief Business Officer at Astra Tech, expressed his excitement about collaborating with IME Nepal. He states the commitment to adopting innovative financial solutions to making financial services universally accessible. He further mentions that collaborations like this strive to empower individuals, foster economic participation, and build a fairer and more effective future in the UAE and beyond.

To understand, Botim Ultra is a communication platform that offers a range of services, including video and voice calls, digital KYC, easy money transfers, built-in emoji dashboards, mobile recharges, bill payments, online games and much more. The system is built on top of a comms platform that offers a significantly different user experience from service-based super apps. Botim Ultra provides encrypted calling and messaging on 2G, 3G, 4G, 5G, and WiFi connections without using a VPN. Botim Ultra also offers Botim Money for sending and receiving money across borders.

Being one of the most prominent players in the rapidly expanding tech ecosystem in the MEA region, Astra Tech has raised $500 million from various strategic investors and partners as it pursues its vision of unveiling an ultra platform. This platform aims to address consumer fatigue resulting from an excess of choices in today's cluttered technological landscape by pushing the boundaries of a digital ecosystem. Astra Tech's Ultra Platform will be the first of its kind in the MEA region, optimizing interactions, engagement, and transactions between individuals and businesses. Under the leadership of experienced tech entrepreneur Abdallah Abu Sheikh, Astra Tech is set to make a substantial impact on the consumer technology market and challenge prevailing norms.