visimoney
TLDR: Fintech company Botim has partnered with Al Etihad Payments (AEP), a subsidiary of the Central Bank of the United Arab Emirates (CBUAE), to launch Aani, an instant payment platform. Aani allows for digital payments to be processed instantly and securely, simplifying the payment process by using only the recipient’s mobile number, email, or a QR code. The integrated solution is available on the Botim app, making it the first fintech platform to offer AEP’s Aani solution. Key features of Aani include Proxy Payments, QR-code-based payments, Request to Pay, and Split Bills, improving the user experience and allowing for real-time account-to-account payments within the UAE.
Key points:
- Fintech company Botim has partnered with Al Etihad Payments to launch Aani, an instant payment platform.
- Aani enables digital payments to be processed instantly and securely, using the recipient’s mobile number, email, or a QR code as identifiers.
- The integrated solution is available on the Botim app, making it the first fintech platform to offer AEP’s Aani solution.
- Aani includes features such as Proxy Payments, QR-code-based payments, Request to Pay, and Split Bills, improving the user experience and enabling real-time account-to-account payments within the UAE.
Astra Tech, the company that owns Botim, expressed excitement about the partnership with Al Etihad Payments, highlighting their dedication to driving innovation and contributing to the UAE’s cashless economy initiatives. AEP’s CEO, Jan Pilbauer, emphasized that the integration of Aani with Botim reflects their commitment to staying at the forefront of technological advancements. The partnership aims to enhance the user experience and explore additional features and functionalities for Aani.
This collaboration between Botim and Al Etihad Payments is significant as it offers a convenient and secure instant payment platform for users in the UAE. With the elimination of the need for complex IBANs, Aani simplifies the payment process and improves financial inclusion. The integration of Aani with the Botim app further enhances the app’s functionality and sets it apart as a fintech platform that offers a comprehensive payment solution.
