Thursday, January 17, 2019

InstaReM - Your Secured Remittance Platform In Town

Do you have business liaison to attend to overseas? 

If yes, you are probably familiar with the remittance and transfer platform that you have been using to transfer your funds overseas either to your business partner or vendor. 

While bank transfer appears to be the most frequently used platform because it is directly debited from your account, you have to be mindful of how much transfer fees and the impact of the currency exchange the bank charges to their advantages. 

Often, this resulted in spreads that can eat into your margins. 

Some banks came up with a promo that charges zero fees on the transfers.

There are no free lunches in the world. 

When your remittance dealer tells you that they charge zero fees on your transfer, it usually means that they are increasing these charges elsewhere, such as increasing the margins on their currency exchange so that it may look attractive to the users.

InstaRem, abbreviation of Instant Remittance, has branded themselves as a low-cost money transfer provider in town that provides competitively margin-free FX rates and the best transfer amount guarantee.

They are founded in 2014 and is proudly a Singapore-headquartered Fintech company that enables money transfers from Australia, Singapore, Hongkong, Malaysia, India, UK, Europe and USA to over 55 countries across the world.

They have already established a strong presence in Asia and have recently received Series C-funding to brand themselves competitively.

The FX Conversion is straightforward and transparent and users do not need to be afraid of incurring hidden charges later on.

All of InstaReM’s charges are based on charging a small fees between 0.25% to 0.50%, which makes it attractive to users who would like to transfer in small batches. 

The same fee applies on volume transactions too.

One thing I like about InstaReM is their stringent check on users when they signed up, which shows professionalism on compliance and their Zero-Margin FX Rates, which are rates that they directly source from Reuters. That means that unlike banks, they don't earn from this and they keep themselves very competitively place on the global map.

Here's how InstaReM stacks up against the other competitors.

Instarem - Winner for Asia Presence and Definitely better than banks

If you are a first time user transferring any amount higher than SGD300, you can key in the promo code FFF10 which will entitle you to a first time users of $10 on your first successful transaction.

You can sign up via the Link I have provided you here, which will entitle me to a very minimal affiliation fee. You will not be disadvantaged should you decide not to do sign up via this link otherwise.

Thanks for reading.

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  1. Stupid promo post

    1. Hi Anonymous

      Courtesy is a basic human instinct.

      I am guessing you have a lot to pick up.

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