fbpx

InstaReM Enables Business Users to Make Multi-Currency Payments in One Go!

22 Views

London, December 2018: InstaReM, Southeast Asia’s leading money transfer service, has introduced a new feature to its money transfer platform that enables Small & Medium Business (SMB) users to make payments in multiple currencies in one go.

Businesses making regular payments overseas to vendors, suppliers and service providers, can now do so more quickly, transparently and at Zero-Margin FX Rates with InstaReM.

Until recently, the business customers making multiple payments had to set up individual transactions for each payment and execute them one by one, requiring additional time and effort. With the ability to set up multiple transactions in one go, a business user can now make transfers to multiple beneficiaries in multiple currencies at the click of a button.

There are no setup fees or monthly charges and it costs nothing extra to send or receive payments.

To avail InstaReM’s multi-currency feature, a business user needs to set up transfers to multiple recipients in native currencies. InstaReM effects transfers at Zero-Margin FX rates and low transfer fees, and the recipients in different countries receive payments in their local bank accounts in native currencies. Since there is no physical movement of money, the process of transfer is very quick – within 24 hours.

Prajit Nanu, co-founder and CEO of InstaReM said that the company has introduced the new feature, based upon the outcome of a focus group study with business clients of InstaReM and non-clients.

“In our interactions, we realized that there are many Small and Medium Businesses who need to make not one, not two, but many multiple payments to their suppliers, staff, freelancers and other stakeholders located in different parts of the world. Setting up only one transaction at a time was not efficient. At InstaReM, we understand that business banking is notoriously expensive and difficult to set up and manage, especially for small businesses. Therefore, we’ve added this new feature to take out the pain of this process, while saving a lot of time and effort for businesses.”

The feature that makes the process of multi-currency payments easier, faster, more transparent, and less expensive for businesses is also being rolled out for the SME users in the U.S., the U.K., France, Germany, Italy, Netherlands and other regions of Europe & in Australia, Singapore, Hong Kong and Malaysia in Asia-Pacific.

The move comes ahead of the company’s plans to launch a forex card in next year which would allow travellers to efficiently convert their native currencies on the fly and pay for products and services while travelling internationally, instead of using inefficient credit cards.

To find out more about this new feature, visit: https://www.instarem.com/business

leverton

I have been involved with publishing and marketing for the past 37 years. My passion is helping people share their voice. I am able to do this through two important venues: One, with Area-Info.net where people can share everything from opinions to events to news. It is your choice! What do you want to share? Two, through a new program called America's Real Deal I am involved with to help business owners get their voice heard.For people who love to save money and earn while saving, there is a new program called the r network. You are provided with a card that entitles the user to automatic savings on more than 300,000 products. Learn more about the revv card today. This is by invitation only to be some of the first people to get this card.I schedule speaking engagements with community groups and business groups to share my passion about the importance of "sharing your voice".Contact me directly at lee@leeeverton.com for scheduling information.

You May Also Like