Dubai - Sharikat Mubasher: Botim Money, the UAE's leading fintech platform, launched virtual IBAN-enabled wallets to expand access to regulated financial services across one of the country's most widely used digital platforms.

This launch enables eligible users to obtain a virtual IBAN (International Bank Account Number) in their own name, helping more individuals access essential financial services and participate in the formal financial system, the company stated in a press release yesterday.

Through their IBAN, users can receive salary payments, direct deposits, and domestic bank transfers directly into their wallet. Beyond the IBAN, they can access cash deposits, local transfers via peer-to-peer payments and AANI, and remittances to more than 170 countries.

Users will also have access to a globally accepted Mastercard card, fractional gold and silver investments from AED 10, and regulated credit solutions to help build stronger financial profiles over time.

The IBAN-enabled wallet is available with no minimum salary requirement, no minimum balance, and no monthly fee. It makes regulated financial services more accessible to a wider segment of the population.

Tariq Hendi, Board Member of Astra Tech and CEO of Botim, said: "Financial inclusion begins with access. For many people, having an account in their own name is the first step toward participating more fully in the financial system. By introducing Virtual IBANs through Botim, we are removing barriers to essential financial services and supporting the UAE's vision for a more inclusive and digitally connected economy."

By combining IBAN functionality, payroll access, and everyday financial services through a single platform, Botim is helping connect more individuals and businesses to the formal financial system.

This launch reaffirms Botim’s commitment to advancing financial inclusion and expanding access to regulated financial services across the UAE.