Botim Money, the financial services arm of the UAE-based communication platform Botim, has announced a strategic partnership with global payments company TerraPay to enhance cross-border remittance capabilities, particularly into African markets.
Through the partnership, Botim Money users can now make direct bank transfers and instant mobile wallet payouts using TerraPay’s global payment network. A key feature of the integration is real-time validation across most payout countries, which verifies recipient details before the transfer is initiated.
The companies said the collaboration aims to improve speed, transparency, and reliability for users sending money and is designed to significantly improve delivery rates and reduce failed transactions, a persistent challenge in the remittance sector.
“For customers, remittances are about reliability. If a transfer fails or is delayed, it has real consequences for families waiting on the other side,” said Hesham Sherif, Head of Business, Remittance at Botim. “Our partnership with TerraPay strengthens our remittance infrastructure across the world, especially in key African corridors through real-time validation and broader payout coverage, improving success rates and delivery.”
Focus on Africa’s Mobile-First Corridors
Botim Money is initially targeting remittance corridors to Uganda, Kenya, Ghana, and Egypt, countries where mobile wallets are a primary channel for receiving funds.
As remittance inflows into Africa continue to rise, efficient payment infrastructure has become increasingly critical. In 2024, remittances to Africa were estimated at $96.4 billion, accounting for approximately 5.2% of the region’s GDP.
By integrating TerraPay’s infrastructure, Botim Money aims to provide reliable, accessible financial services that support inclusion in regions where traditional banking systems remain limited.
“Remittances are a critical financial lifeline for millions of families across the world, and reliability is non-negotiable. Our partnership with botim money brings together TerraPay’s global payments infrastructure and real-time wallet validation with botim’s strong presence in the UAE, enabling faster, more secure cross-border transfers into the globe,” Bassem Awada, Senior Vice President at TerraPay said.
What This Means
The partnership between Botim Money and TerraPay signals a significant step forward in cross-border remittances, particularly for African corridors where mobile wallets dominate. By combining real-time validation with a robust global payments network, the collaboration addresses one of the biggest pain points for users: reliability.
“By enhancing the quality of service, we’re helping ensure money reaches recipients seamlessly, efficiently, and on time—addressing both financial inclusion and trust in digital remittances.”
The integration provides TerraPay access to Botim Money’s large UAE user base while giving users worldwide a more dependable and seamless remittance experience.
Beyond convenience, industry leaders say this integration highlights a broader trend toward financial inclusion in markets with limited traditional banking infrastructure.
Driving Trust and Financial Inclusion
The partnership reflects a wider trend in the digital remittance market, where speed, transparency, and reliability are increasingly valued by users.
By combining TerraPay’s payment infrastructure with Botim Money’s established platform, the service aims to reduce friction in cross-border money transfers and enhance trust among users.
With mobile wallets central to financial activity in many African markets, analysts say the collaboration promises to make international transfers easier, faster, and more reliable, potentially improving financial inclusion for millions of households.
By making it easier for users to send and receive money digitally, both Botim Money and TerraPay are helping bridge gaps in access to financial services, while also building trust in mobile and digital payment platforms.
Talking Points
It is notable that Botim Money has partnered with TerraPay to enhance cross-border remittances, addressing one of the biggest challenges for users: reliability. Real-time validation ensures transfers reach recipients as intended, reducing delays and failed transactions that can have real consequences for families depending on these funds.
This single feature positions Botim Money as a practical solution for real financial challenges, particularly for African corridors where mobile wallets dominate and traditional banking infrastructure is limited.
At Techparley, we see partnerships like this as key to financial inclusion, where technology not only speeds up transactions but also builds trust in digital remittance systems.
However, adoption will depend on how well the platform is tailored to the daily realities of users sending money abroad. Ease of use, cost transparency, and integration with local mobile wallets will be critical to ensure it becomes part of routine financial behaviour.
As Botim Money scales, there is potential for further partnerships with banks, mobile operators, and fintechs to deepen its footprint in African markets. With the right ecosystem support, the platform could become a reliable bridge for millions of users seeking safe, fast, and predictable ways to send money internationally.
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