Botim Money Teams Up With TerraPay to Revolutionize Global Remittances

The partnership marks a significant step for the fintech in expanding beyond conventional corridors and enhancing the remittance experience for its users.

The heart of this collaboration lies in expanding Botim Money’s international remittance capabilities through TerraPay’s expansive network. Built to support both direct bank transfers and instant mobile wallet payouts across a growing list of markets, the integration is designed to make sending money abroad faster, more transparent and more reliable than traditional remittance channels have been.

A key feature of the rollout is real-time validation of recipient details before transactions are initiated, a technical improvement that aims to dramatically reduce transfer failures and delays, a pain point for many users of cross-border money services.

For many migrant workers and families living in the UAE, remittances are far more than just routine transactions, they are a financial lifeline. The cost, speed and reliability of these transfers can have real consequences for families depending on that money for daily expenses, school fees and healthcare. Built on this understanding, Botim Money has identified several high priority corridors for its initial phase, with a strong focus on key African markets including Uganda, Kenya, Ghana and Egypt, where mobile wallets play an increasingly central role in how people receive funds.

The timing of this announcement comes as remittance flows into Africa continue to climb. In 2024, remittance inflows to the continent reached an estimated $96.4 billion, making up about 5.2% of the region’s gross domestic product, figures that spotlight the critical role of these transfers in local economies and underscore the importance of dependable infrastructure. By tapping into TerraPay’s global payments network, Botim Money is positioning itself to support this growing demand while bridging the gap for users in markets often underserved by traditional banking systems.

Hesham Sherif, Head of Business, Remittance, botim noted, “For customers, remittances are about reliability. If a transfer fails or is delayed, it has real consequences for families waiting on the other side. That’s why certainty matters as much as speed. We are proud to be part of the support system for millions of families receiving money from the UAE to the globe. 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. For customers, that means faster payouts and greater peace of mind, with more confidence their money reaches the intended recipient, every time.”

Bassem Awada, Senior Vice President at TerraPay, emphasized the importance of dependable remittance services. “Remittances are a critical financial lifeline for millions of families across the world, and reliability is non‑negotiable,” he said. “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. 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.”

For TerraPay, the alliance also expands the reach of its global network, giving it access to Botim Money’s user base and reinforcing its mission to create a seamless, inclusive payments landscape. With the integration now live, users are now able to send funds across a broader range of markets with greater ease, a development that could shift the dynamics of remittance choices for expatriates and international workers based in the UAE and beyond.

With digital remittances becoming more competitive, partnerships like this show how fintech companies are finding smarter ways to move money across borders. Millions of families rely on these transfers to stay connected and support their loved ones, and faster, clearer, more reliable services can make a real difference in everyday life.

Beyond this latest announcement, TerraPay’s broader strategy has included multiple partnerships aimed at improving global payouts and financial access. Across Africa and Latin America, integrations with local banks and mobile money services underscore a shared industry goal of reducing friction in cross-border transfers, a theme that resonates with both users and regulators keen to foster financial inclusion.

The Botim Money‑TerraPay collaboration isn’t just about infrastructure; it reflects a deeper understanding of the emotional bonds behind remittances. A migrant worker sending funds after a long month’s work, or a family anxiously waiting for money to cover school fees, experiences the value of a reliable transfer service far beyond mere convenience, it reaches the very heart of global connection in today’s increasingly mobile world.