Sales League Table 2020 | Banking Technology Winners

Results Announced!

IBS Intelligence launches BankTech Daily News

Subscribe today. Limited time offer.

The Black Swan Opportunity | Get your bank digital ready.

IBSI Special 5 Digital Report Package with Special Offer. Subscribe now

India FinTech Report 2020

Insights into the historical and projected market size of key FinTech categories. Subscribe now

InstaReM launches new card-issuing platform for fintechs

                              Prajit Nanu

Digital cross-border money transfer company, InstaReM has launched its API-based digital platform with an aim to enable startups, fintechs and enterprises in launching their own cards.

According to the supplier, the new platform will allow InstaReM’s partners to utilize the company’s digital ecosystem without the need to obtain multiple local licenses for the issuance of payment cards. It aims to facilitate the peer-to-peer transfer of money.

Prajit Nanu, co-founder and CEO of InstaReM, said, “We strongly believe anyone – whether a start-up or a large corporate – who wants to have its own branded cards program, should be able to do so. InstaReM is there to offer the necessary infrastructure. Our card-issuing platform is flexible, scalable and designed to support the ambitions of our enterprise partners, especially in the Fintech sector. And it’s quick to get started. It’s possible for businesses to start issuing payment cards in as little as four to six weeks once they register with us.”

The cards will be available in virtual and physical form and will allow the consumers to accumulate loyalty points and utilize them as a multi-currency travel card and a virtual card. Business users can use cards for business-related travel & expenses, payroll, and payouts and disbursement to their employees and vendors.

Recently, Thailand-based banking group, KASIKORNBANK (KBank) has selected InstaReM for powering its cross border payments across select markets.

Related IBS Intelligence Research

Related Posts

NAB

NAB to recruit bankers and advisers for high net wealth clients

National Australia Bank (NAB) announced that it will recruit 50 new bankers and advisers, as part of its new strategy to provide high net wealth clients with a single point of access for their financial needs, ranging from wealth creation, business growth to retirement needs and philanthropic investment. JBWere CEO and leader for NAB Private, […]

This post is only available to members.

Read More »

EQ launches new automated complaints management product

EQ has announced that it is launching a new automated complaints management product for the financial services industry, EQ Complaints Professional. The new solution is expected to enable firms to enforce their FCA compliance immediately as well as continually as regulation changes. Andrew Edler, MD of EQ Charter, commented, “We are delighted to bring this […]

This post is only available to members.

Read More »
bank, FinTech, neobank, smartbanks, challenger banks, Asia

Australia’s big 4 banks welcome the launch of open banking

The Competition and Consumer (Consumer Data Right) Rules went live on July 1, in Australia. This has been welcomed by the big 4 banks of the country – ANZ, Westpac, Commonwealth Bank and NAB where they will be sharing their customers’ data with third parties, when requested by the customer. Angus Sullivan, CBA’s Group Executive […]

This post is only available to members.

Read More »

Lendio facilitates $8 bn in PPP loans to 100,000 small businesses

Lendio, a leading marketplace for small business (SMB) loans, announced that the company has till now facilitated $8 B in Paycheck Protection Program (PPP) loans for 100,000 small businesses. The firm’s partnership with 300 SBA-approved financial institutions and FinTech leaders has helped the company to secure COVID-19 relief funds for several underserved segments of the […]

This post is only available to members.

Read More »