Botim Becomes UAE’s First Fintech To Roll Out Jaywan Cards In Strategic Partnership With Mbank

In a significant advancement for the UAE’s digital economy, Astra Tech’s flagship platform, Botim, has partnered with Mbank, a leading digital bank in the United Arab Emirates, to introduce the nation’s first fintech-integrated Jaywan card scheme. The announcement was made during a signing ceremony at the Dubai Fintech Summit, with the presence of H.E. Dr. Tariq Bin Hendi, CEO and Board Member of Astra Tech & Botim, and Mohammed Wassim Khayata, CEO of Mbank.

This collaboration positions Botim, powered by PayBy, as the first fintech platform in the UAE to enable Jaywan card issuance, aligning with the Central Bank’s national payment objectives and the country’s broader ambition to foster a cashless society. The new prepaid card service will provide Botim users with a secure, convenient, and fully digital payment solution, enabling seamless cashless transactions across the Emirates.

H.E. Dr. Tariq Bin Hendi stated, “The launch of the Jaywan scheme via Botim represents a strategic commitment to enhancing the accessibility and infrastructure of financial services in the UAE. By integrating this national payment solution into our platform, we are empowering users with greater financial autonomy and contributing to the UAE’s digital transformation goals.”

Mohammed Wassim Khayata, CEO of Mbank, added, “Our partnership with Botim to introduce the Jaywan card scheme is a testament to our shared vision of driving financial innovation and inclusion in the UAE. This initiative underscores our commitment to providing cutting-edge digital banking solutions that meet the evolving needs of our customers.”

Developed under the supervision of the Central Bank of the UAE and powered by Network International, the Jaywan scheme serves as the nation’s first domestic payment card system. It is designed to enhance financial sovereignty, reduce dependence on international schemes, and support the growing demand for localized, interoperable payment solutions.

With this partnership, verified users will be able to apply for and activate their Jaywan prepaid card directly within the Botim app, eliminating the need for traditional bank accounts and bringing secure digital payments to a broader audience.

This initiative builds upon Botim’s evolving fintech ecosystem, which includes multi-currency prepaid cards, real-time global remittances, micro-lending, and in-chat financial services. The integration of the Jaywan scheme further solidifies Botim’s position as a comprehensive digital lifestyle platform, redefining the landscape of fintech services in the MENA region.