InstaReM to Power Cross-Border Payments of Major Thai Bankby Fintechnews Singapore May 23, 2019
InstaReM, a digital cross–border money transfer company, has announced that it will now power cross–border payments for the clients of KASIKORNBANK (KBank), one of Thailand’s leading banking group.
Announcing InstaReM’s partnership with KBank, Prajit Nanu, co–founder and CEO of InstaReM said,
“We are delighted to be working together with KBank to power their outward remittances. This relationship further cements InstaReM’s position as a leading provider for cross–border transactions. With InstaReM, KBank clients will be able to realize faster turnarounds, while providing certainty on delivery times and payout amounts.”
According to its press release, InstaReM already powers payments for three of the top ten Southeast Asian Banks and leading financial institutions across the globe. This news follows InstaReM’s initial Series C round which saw participation from Beacon Venture Capital, KBank’s VC arm, the round later closed at US$ 59 Million
Featured image credit: KASIKORNBank