Astra Tech, a consumer technology group based in Abu Dhabi, has launched a new service called "Send Now, Pay Later" (SNPL) via its Botim Ultra App. The service is designed to allow the UAE’s expatriate workforce to send money abroad in instalments, targeting those facing financial constraints, particularly at month-end.

SNPL is part of Astra Tech’s expanding fintech ecosystem, which has seen steady growth in transaction volumes following the success of its remittance services in 2023.

Astra Tech’s SNPL launch is part of its broader strategy to increase financial inclusion in the region. The company has recently acquired a Finance Company License through Quantix by the Central Bank of The UAE, allowing it to offer credit solutions like SNPL and Buy Now, Pay later (BNPL).

Botim will offer pre-registration for its nine million users ahead of the official launch.