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February 1, 2019

InstaReM, Visa partner to make international money transfers easier

Singapore-headquartered digital cross-border payments company InstaReM has joined Visa’s fintech fast-track programme in the Asia Pacific region.

This programme is designed to makes it quicker and easier for fintech partners to build and deliver new commerce experiences on Visa’s payments network.

InstaReM-Visa partnership

Under the alliance, the two partners will jointly work to develop new solutions to make it easier to enable digital payments and move money swiftly internationally.

InstaReM co-founder and CEO Prajit Nanu said: “It’s a matter of pride for InstaReM to be a part of the Visa fintech fast-track programme. We will draw from Visa’s vast network and experience in Asia-Pacific and the other regions.

“With this partnership, InstaReM would be able to issue cards to its partners in just four weeks of them being in the programme, instead of the typical six to nine months it takes now.”

Visa head of digital partnerships for Asia Pacific Hamish Moline said: “Even with all the digital forms of payment that exist today, transferring money internationally can still be a time-consuming, inefficient process.

“We’re excited to welcome InstaReM to the Visa fintech fast-track programme and to work with them on tackling an area of payments where there is still a lot of opportunity to bring innovation to the customer experience.”

The programme is part of Visa’s global strategy to open up its network and support a wide array of players that are developing new commerce experiences.

The programme also offers a new commercial framework that includes eased access to Visa’s payment capabilities and streamlined processes to support companies of different sizes.

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