Dubai, UAE – In a groundbreaking move for the regional fintech space, Astra Tech has introduced the “Send Now, Pay Later” (SNPL) feature to the UAE’s multi-billion-dirham remittance market. This innovative service, available through the Botim Ultra App, will serve over 9 million users, enabling them to remit money internationally with immediate transfers and the flexibility to defer payments.
The SNPL feature is the first of its kind in the MENA region, marking Astra Tech’s continued commitment to providing accessible and inclusive financial services. It allows users, particularly from underserved segments, to send money abroad and pay later in manageable installments—an ideal solution for those facing financial constraints during periods such as the end of the month.
“By introducing ‘Send Now, Pay Later,’ we are addressing a real and significant need within the remittance market, particularly for the UAE’s large expatriate workforce. Remittances are a lifeline for many families abroad, and this feature provides users with financial flexibility when they need it most,” stated by Abdallah Abu-Sheikh, Founder of Astra Tech.
The launch highlights Astra Tech’s mission to leverage advanced credit infrastructure to offer faster and more accessible financial solutions. SNPL is poised to make remittances more convenient, particularly for those requiring financial support in urgent situations. With this initiative, Astra Tech reinforces its position as a fintech innovator, consistently delivering purposeful solutions that empower users while contributing to broader economic growth.
This service is set to reshape the remittance landscape in the UAE, offering users a new level of convenience as they manage their financial obligations.
About Astra Tech:
Astra Tech is a leading fintech and technology company in the MENA region, known for its innovative solutions that empower users with accessible financial services. With a mission to solve real-world problems through technology, Astra Tech continues to drive financial inclusion and convenience, offering cutting-edge products such as remittances, digital payments, and credit solutions. Their flagship Botim Ultra App serves millions of users, further establishing the company as a pioneer in the regional fintech space.
For more information, visit: http://astratech.ae
