back Back

Instarem relaunches cross-border payments services in India

By Gloria Mathias

November 02, 2023

  • Amaze®
  • Cross Border Payments
  • Digital Transactions
Share

Instarem, Cross border payments, rebranded, Singapore, Amaze, India, Educational Loan, Payments Solutions, Remittances Services, Fintech India,  Instarem, an overseas payment solution, has relaunched its digital remittance services in India.

This strategic re-entry into the Indian market aims to deliver a smooth remittance experience, with a focus on catering to the requirements of students and individuals seeking affordable overseas education payments.

Instarem has been serving customers in India since 2018. However, due to a directive from the Reserve Bank of India to SBM Bank, it paused its operations temporarily in early 2023, along with many other remittance providers in the region.

The Instarem brand, returning to India, is powered by Nium-Forex, an established, regulated provider of financial products and services in India.

The new solution offered by Instarem focuses on removing the pain points faced by individuals and students who are trying to find a hassle-free and cost-effective way to finance their education overseas.

The new solution liberates its users from restrictive transaction limitations, enabling them to make large payments annually without the necessity of splitting the payment into numerous transactions. This simplifies the process and makes it more economical for their customers.

In its relaunch, Instarem (powered by Nium-Forex) revolutionises convenience by providing an entirely digital experience. Users can securely and conveniently send funds from the comfort of their own space, eliminating the need to make time-consuming trips to physical locations. This means no more frustrating hours spent in traffic or queuing up at banks or remittance centres, making the entire experience smoother, more efficient, and hassle-free.

Yogesh Sangle, Global Head of Instarem, said, “We’re thrilled to bring back our remittance services in India, powered by Nium-Forex. We understand that sending money abroad from India can be tough, and that’s our unwavering commitment, in line with our mission to make money simple and to ensure it becomes easy for our customers. Our relaunch reaffirms our strong dedication to serving the needs of our Indian users, giving them a straightforward, cost-effective, and exceptionally efficient way to send money internationally and invest in their education.”

Previous Article

November 02, 2023

9fin brings generative AI to debt capital markets

Read More
Next Article

November 02, 2023

CQUR Bank taps Finastra to boost digital banking offering

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

Amaze®

SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 19, 2024

Ecommpay & Mastercard partner to deliver Click to Pay in Europe

Read More

July 19, 2024

Sopra Banking Software partners with Finom

Read More

July 19, 2024

FinTech Focus: Catch latest developments of the week

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024