PaymentsJournal
SUBSCRIBE
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
No Result
View All Result

InstaReM Partners with First Data for Digital Payments and Card Issuance

PaymentsJournal by PaymentsJournal
March 21, 2019
in Press Releases
0
Marqeta and Payfare Enter Into Strategic Partnership

Marqeta and Payfare Enter Into Strategic Partnership

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

InstaReM, a Singapore-headquartered Fintech company that offers faster and cost-effective digital cross-border payment solutions for individuals and businesses across 55+ countries, has announced a partnership with First Data (NYSE: FDC), a global leader in commerce-enabling technology and solutions.

The partnership, combining InstaReM’s digital payments and remittance solution with First Data’s debit processing solution, delivers a powerful proposition for businesses like corporates and Fintechs with a need to issue cards to employees, vendors or consumers.

“Our partnership aims to address an ever-increasing problem for businesses that operate globally, which is, how to pay overseas suppliers, service providers and employees in a cost-effective and secure way whilst enabling the recipient to conveniently access the  funds in their local currency – instantly.” said Prajit Nanu, co-founder and Chief Executive Officer of InstaReM.

Leveraging First Data’s global presence and robust and flexible technology platform, InstaReM is able to issue cards for a number of use cases, such as travel and expense programs with set limitations, vendor or supplier payments, payroll for employees, and much more. The solution will be launched in Singapore in the next few months with rollout in Europe and Australia expected by the end of the year and then expanding globally.

“With First Data’s First Vision API-enabled technology solution and InstaReM’s ability to issue cards, together we can rapidly bring to market a cost-effective, secure and convenient solution to support multi-currency debit wallets for corporates and consumers,” said Ivo Distelbrink, First Data’s EVP, Head of Asia-Pacific.

Recently, InstaReM joined the global payments technology giant Visa’s Fintech fast-track program, which makes it quicker and easier for Visa’s partners in the Asia Pacific region to build and deliver new commerce experiences on Visa’s payments network. As part of partnership with Visa, the two companies are working together to build new solutions for moving money to and from different countries in fast, convenient ways that provide users with seamless digital payments and money transfer experiences.

The First Data and Visa partnerships allow InstaReM not only to solve the payout problem domestically and internationally, but also enables it to provide an end-to-end solution for enterprise customers and consumers.

Tags: FirstDataInstaReM
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily

    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Mercator Advisory Group analysts and industry professionals.

    Must Reads

    live shopping, ebay

    Q&A: eBay Exec on Live Shopping and the Future of Payments

    March 24, 2023
    AI and Biometrics in Regulatory Compliance in Finance

    The Importance of AI and Biometrics in Regulatory Compliance in Finance

    March 23, 2023
    Everyone Benefits from the Real-Time Payment Networks  

    Everyone Benefits from the Real-Time Payment Networks  

    March 22, 2023
    commercial payments

    Optimizing Commercial Payments in the Digital Age

    March 21, 2023
    cross-border payments

    Cross-Border Payments: Fighting
    E-Commerce Fraud Using Data

    March 20, 2023
    fraud, ChatGPT-4

    How to Fight Fraud While Still Enabling a Great Online Customer Experience

    March 17, 2023
    RTP

    Financial Institutions Without an RTP Strategy Risk Being Left Behind

    March 16, 2023
    visa chargeback

    New Visa Chargeback Guidelines Will Be a Game Changer

    March 15, 2023

    Linkedin-in Twitter

    Advertise With Us | About Us | Terms of Use | Privacy Policy | Subscribe
    ©2023 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    Menu
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • Recent News
    • Resources
    Menu
    • Industry Opinions
    • Recent News
    • Resources
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result

      Register to download the Payoneer eBook: