Prajit Nanu, co-founder, and CEO, InstaReM

Money transfer solutions provider, InstaReM, has announced that it will enable the businesses in the UK and Europe to make payments into China, thereby aiming to strengthen ties between businesses as well as ensure the establishment of an efficient payments system.

According to the supplier, globalization of trade requires businesses to pay third parties and staff across the world. But legacy infrastructures and multiple touchpoints have made cross border payments for SMEs, time-consuming and a costly affair. InstaReM’s solution aims to assist SMEs in avoiding the loss of opportunity costs, occurring through an inefficient payments system.

“Leveraging its world-class digital money transfer platform, InstaReM is offering businesses in the UK and Europe a quick and easy way to make payments into China. We are confident that this service should help EU/UK businesses to build stronger connections with their counterparts in China,” said Prajit Nanu, co-founder, and CEO of InstaReM.

The supplier has stated that its ‘InstaReM for SMEs’ is expected to expand its services and help SMEs in the collection of payments from multiple markets.

Recently, it launched an API-based digital platform with an aim to enable startups, fintechs, and enterprises in launching their own cards.

by Megha Bhattacharya
Market Analyst at IBS Intelligence