InstaReM to Power Cross-Border Payments of Major Thai Bank

InstaReM to Power Cross-Border Payments of Major Thai Bank

by May 23, 2019

InstaReM, a digital crossborder money transfer company, has announced that it will now power crossborder payments for the clients of KASIKORNBANK (KBank), one of Thailand’s leading banking group.

Announcing InstaReM’s partnership with KBank, Prajit Nanu, cofounder 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 crossborder 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