MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

- Astra Tech, the owner of BOTIM, is the latest organization to embed MoneyGram’s leading fintech capabilities into its service offerings

Dubai, UAE -- MoneyGram International, Inc. (NASDAQ: MGI), a leading global financial technology company that connects the world’s communities, has announced a strategic partnership with Astra Tech (Astra), a technology investment and development group based in the United Arab Emirates (UAE). Astra’s overarching vision of creating the world’s first ultra app has seen the company make several strategic acquisitions since launching in March 2022, the most recent of which includes BOTIM, the largest and most popular Voice over Internet Protocol (VOIP) solution in the Middle East and North Africa (MENA). Through its innovative partnership with MoneyGram, Astra will deliver BOTIM’s 90-plus million registered users a simplified experience and the first communications platform in the region with seamless international transactions that take place in a matter of seconds, in real-time, and across 200 countries and territories worldwide.

“As we increasingly look to capture growth by opening our global network to new use cases, we are thrilled to offer our leading international money transfer capabilities on BOTIM, Astra Tech’s latest and most substantial acquisition,” said Alex Holmes, MoneyGram Chairman and CEO. “With BOTIM