Astra Tech Partners with Jingle Pay for Seamless Remittances
Astra Tech's flagship platform, botim, has formed a strategic alliance with Jingle Pay, a prominent digital remittance provider in the UAE. This innovative partnership aims to provide low-cost remittance options to Pakistani residents living in the UAE, ensuring they can send money back home with greater ease and affordability.
Expanding Financial Services to Pakistani Communities
Through this collaboration, botim integrates Jingle Pay's services directly into its platform, which serves approximately 1.7 million Pakistani nationals in the UAE. This development links expatriates to reliable remittance services, offering competitive exchange rates and multiple ways to send money home, including bank transfers, mobile wallets, and cash pickups across Pakistan.
Innovative Solutions for Easy Transactions
Jingle Pay, known for its regulatory compliance and association with major financial entities, has processed over $3 billion in cross-border payments, which showcases its capability in facilitating international money transfers. The CEO, Amir Fardghassemi, emphasized the importance of this partnership in transforming the remittance experience for Pakistani expats. He stated, "This partnership is about more than technology; it's about impact," highlighting the significance of accessible services.
Commitment to Financial Inclusion
Riz Sohail, the Chief Business Officer at Jingle Pay, reiterated the company’s mission to enhance financial inclusion, particularly for underserved communities. He expressed enthusiasm about how this partnership would allow families in remote areas in Pakistan to receive funds instantly and securely, without incurring high fees.
Enhancing User Experience with botim
With the integration of Jingle Pay into the botim app, users will experience a streamlined process for sending money, making it as straightforward as making a phone call. Rishabh Singh, VP of Product at Astra Tech, shared that "we're strengthening one of the region's most active remittance routes, making it faster and more affordable for our users." This signifies an important step towards establishing a more inclusive financial future within the region.
Launch Timeline and Features
The new remittance service is expected to go live by the end of December, providing a user-friendly solution for Pakistani expatriates. This launch represents a major milestone in botim's growth as a comprehensive ecosystem, gradually introducing a wide array of integrated financial services for their users.
About botim
botim, as a part of Astra Tech, is recognized as the leading fintech company in the MENA region with its headquarters in Abu Dhabi. The platform began as a free VoIP service and has evolved into an AI-native financial ecosystem that serves over 150 million users across 155 countries. With a focus on consumer needs, botim aims to innovate accessible financial services, benefiting businesses and communities alike.
This dynamic platform is committed to redefining everyday finance, making it smarter and more inclusive, ensuring that everyone can connect and transact easily.
Media Contact
Ibtissem Mannai
Email: [email protected]
Frequently Asked Questions
What is the partnership between Astra Tech and Jingle Pay?
The partnership integrates Jingle Pay's remittance services into the botim app to facilitate low-cost transfers for Pakistani expats in the UAE.
How does botim support remittances to Pakistan?
Botim offers competitive exchange rates and diverse payout options through Jingle Pay, including bank deposits and mobile wallet transfers.
When will the remittance service launch?
The remittance service is scheduled to go live by the end of December, allowing users to send money home easily.
What challenges are Pakistani expats facing with remittances?
Pakistani expats often deal with high fees and slow transfer times, which this partnership aims to address through cost-efficient services.
How has Jingle Pay performed in cross-border transactions?
Jingle Pay has successfully processed over $3 billion in cross-border payments, establishing itself as a reliable remittance platform.
