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STARTUPS Singapore Payments Startup InstaReM Partners Thai Banking Group

June 19, 2019

Digital remittance company InstaReM has partnered Thai banking group Kasikornbank in an agreement that would see the Singapore startup power cross-border payments for the bank’s clients in select markets, it announced in a press release on Thursday.

 

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, Prajit Nanu, co-founder and CEO of InstaReM, said.

 

“This is an important partnership for KBank at an exciting stage in our evolution. We are continuing to expand our cross-border payment capabilities into key markets across the world, as we are witnessing increasing demand from our customers.

 

Kasikornbank is Thailand’s second-largest and Southeast Asia’s eighth-largest bank in terms of total assets, at $96.9 billion, according to data from Forbes. At $14.5 billion, it is also the country’s largest bank in terms of market capitalization.

 

To read more, click here.

 

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