Botim Becomes First Fintech Platform to Offer CBUAE’s Aani Solution

    Botim, powered by PayBy, has made history by becoming the first fintech platform to offer the Central Bank of the UAE’s Aani solution. Astra Tech, a prominent consumer technology group in the MENA region, has partnered with Al Etihad Payments (AEP), a CBUAE subsidiary, to introduce Aani, an advanced instant payment platform.

    Botim Becomes First Fintech Platform to Offer CBUAE’s Aani Solution

    Aani, managed by Al Etihad Payments, facilitates instant digital payments 24/7, ensuring security and seamlessness. It simplifies transactions by enabling instant fund transfers using recipients’ mobile numbers, emails, or QR codes, eliminating the need for complex IBANs. Integrated into the Botim app, powered by PayBy, Aani revolutionizes the fintech sector in the UAE by offering full interoperability across all payment services.

    Abdallah Abu Sheikh, CEO and Founder of Astra Tech and Botim, expressed excitement about this advancement, highlighting their commitment to innovation, financial inclusion, and supporting the UAE’s cashless economy initiatives. With Botim’s financial transactions surpassing 2 billion recently, this partnership aligns perfectly with their vision for the Ultra app.

    Aani boasts key features such as Proxy Payments, QR-code-based payments, Request to Pay, and Split Bills, making it a leader in advanced payment technologies. It enables secure real-time account-to-account payments within the UAE, streamlining transactions for consumers and businesses alike. Initially facilitating instant P2P transfers, future plans include QR code-based payments, direct debits, and e-cheques.

    Activating Aani on Botim is straightforward: users navigate to the ‘Botim Money’ page, select ‘Send Money via Aani,’ and click ‘Activate now.’ Once linked to their Botim Pay wallet, users can send or receive money directly into any recipient’s bank account. Recipients without Aani activated receive funds as regular local transfers into their wallets.

    Jan Pilbauer, CEO of AEP, emphasized their commitment to reshaping digital payments and advancing the UAE’s cashless society vision. The integration of Aani with Botim enhances user experience and underscores their dedication to technological advancement. They anticipate further collaboration with PayBy and other partners to maximize Aani’s potential.

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