Digital BanksNews

Instarem’s latest features make money transfer fast and easy

Instarem, a digital cross-border payment platform, unveiled new features to make it easy for Filipinos in Australia to transfer money to the Philippines. The new feature enables money transfer directly to debit or credit cards.

Instarem users making transfers now have the option to choose cash pay-outs at over 21,000 locations across the country. Key agent partners include Palawan Pawnshops, Cebuana, M Lhuillier, LBC, and BDO. They can also choose to send directly to bank accounts in the Philippines in real-time or to the receiver’s Visa cards, Paymaya, and GCash e-wallets.

“Our goal at Instarem is to make this simple for our Filipino expat audiences,” said Michael Minassian, regional head of Consumer Business at Instarem, APAC. “We want them to keep the Bayanihan spirit alive, even if they are far from home and we believe our new features make it easier for them to do so.”

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Users will also enjoy a new and improved app interface that was recently rolled out across Australia. This will allow them to access the app via a fingerprint scanner, transfer instantly to select destinations through an intuitive function called Quick Send, and send money to beneficiaries in over 55+ markets in the world, within minutes. The app gives users complete visibility over their transactions in an easy-to-use app dashboard.

Instarem recognizes the need for transparency and offers users fully transparent pricing with zero upfront fees or hidden FX margins.

Instarem has a network in over 100 markets, and 65 markets in real-time. It is also licensed service provider operating in Australia, Hong Kong, India, Indonesia, Japan, Malaysia, and Singapore in Asia and in Canada, the European Union member countries, the United Kingdom, and the United States.

To use the service, users will have to download the Instarem app on Google Play or on the App Store. Existing users are encouraged to update the app.