Dubai, UAE — Botim Money, the financial services division of Botim, and Binance, the leading global blockchain and digital asset platform, have entered into a Memorandum of Understanding (MoU) aimed at exploring new opportunities to offer cryptocurrency access to millions of users across the UAE.
The collaboration represents a key step in Botim’s transition from a communication-based app to a fully integrated fintech ecosystem where users can manage payments, transfers, and investments seamlessly in one platform. The MoU was signed during Binance Blockchain Week in Dubai, reinforcing the region’s growing position as a hub for digital finance and innovation.
Focus on Safe, Regulated Digital Asset Solutions
Under this agreement, both organizations will evaluate ways to combine Binance’s extensive expertise in digital assets with Botim’s strong fintech infrastructure. The initiative focuses on identifying secure, compliant pathways to introduce crypto services aligned with UAE regulatory standards.
The partnership comes at a time when interest in digital assets is rapidly increasing across global markets — especially in the Middle East — where strong regulatory frameworks encourage responsible adoption of emerging financial technologies.
Empowering the Underserved Through Access to Digital Finance
Botim Money plays a key role in supporting users who traditionally face barriers to mainstream financial services, including underserved and unbanked communities. As part of the collaboration, the two parties will explore solutions that allow these groups access to digital assets through simple, safe, and regulated platforms.
Statements from Company Leaders
Catherine Chen, Head of VIP & Institutional at Binance, noted:
“Crypto is no longer a niche product—it’s becoming a natural part of everyday financial services. Working with Botim Money will help make digital assets more accessible for a rapidly growing tech-savvy user base in the UAE. The region is taking bold steps to integrate digital and traditional finance, and we are proud to support this evolution.”
Sacha Haider, Chief Strategy Officer at Astra Tech | Botim, added:
“Botim Money already facilitates millions of cross-border and local transactions every day, proving how essential the platform has become to users’ financial routines. Integrating crypto capabilities through Binance allows us to continue expanding that ecosystem and offer customers intuitive tools to grow and participate in the digital economy.”
Highlighting Innovation at a Global Blockchain Event
The signing during Binance Blockchain Week underscores the UAE’s growing global influence in blockchain technology and digital asset adoption, signaling a strong future for innovative financial services across the region.
About Botim Money
Botim Money, formerly known as PayBy, operates under Astra Tech’s fintech ecosystem and powers the financial services layer of Botim—the fastest-growing AI-driven, fintech-first platform in the MENA region. Evolving from the UAE’s first free VoIP service, Botim now reaches more than 157 million users across 155 countries.
Licensed by the Central Bank of the UAE, Botim Money holds both Stored Value Facility (SVF) and Retail Payment Services and Card Schemes (RPSCS) licenses. Its offerings include:
- Digital wallets
- Domestic and international transfers
- Remittances
- Online and in-store payment solutions
Botim Money also provides a dedicated B2B platform, offering digital payment systems for regional enterprises, including point-of-sale solutions and Wage Protection System integrations to streamline business payment operations.
