Instarem, the Cross-border payments business, is one of the first remittance players to introduce speedy payments into Malaysia via DuitNow.
Instarem users can now look forward to sending money to Malaysia within minutes and can do so from the comfort of their homes.
The conventional practice is that Malaysians working in Singapore are typically sending money through banks or physical money changers.
With Instarem’s new real-time payment option, they can save on time and transport costs and enjoy simple transfers from their desks. It is the result of an insight from the Instarem team in Malaysia is that many even travel to Johor Bahru to avoid hefty foreign exchange fees.
“At Instarem, we are committed to making money simple, especially for users who send money home regularly. Enabling instant payments for Malaysian ringgit transfers is a very important step in helping our Malaysian users send money to their families without having to worry about anything,” Michael Minassian, Head of Consumer Business, APAC at Instarem said.
Our business was founded to help remove complexities around money and we continue to strive to do so,” he added.
