A leading digital cross-border payments company known as InstaReM is expanding into Malaysia to further solidify its presence in Asia Pacific. Malaysians will now be able to enjoy cost-effective and efficient cross-border money transfers to over 60 countries around the world. Apart from that, this payment provider will offer live mid-market FX rates and charge a mere 0.6% compared to 2% – 3% charged by banks and other money transfer operators.
“InstaReM hopes to collaborate closely with consumers and financial institutions to offer the best product solutions to its customers in Malaysia and across the world. We want to drive the adoption rate of technological innovations across both businesses as well as individual consumers,” says Pratik Gandhi, Chief Business Officer of InstaReM.
Headquartered in Singapore, InstaReM is one of the largest cross-border payments providers globally, with licenses in eight markets and covering 40 countries. It is consistently ranked by the World Bank as the lowest cost operator in a number of corridors in Asia.
Furthermore, following the recent approval from the Reserve Bank of India (RBI), InstaReM will also start its India operations in December 2017.