InstaRem to provide cross-border payments for Cosmoney

InstaReM, a leading global financial payments infrastructure company,has announced that it will now power real-time cross-border payments for the clients of the SBI Remit and SBI Cosmoney, part of one of Asia’s leading payments companies, across select markets.

InstaReM already powers payments for four of the top ten Southeast Asian Banksand leading financial institutions across the globe. This partnership with SBI Remit and SBI Cosmoney helps InstaReM further entrench itself as a leading player in the institutional payments space.

Announcing InstaReM’s partnership with SBI Remit and SBI Cosmoney, Prajit Nanu, co-founder and CEO of InstaReM said,
“We are delighted to be working together with SBI Remit and SBI Cosmoney to power their outward real-time remittances.This relationship further cements InstaReM’s position as a leading provider for real-time payments.With InstaReM, the clients of SBI Remit and SBI Cosmoney will be able to realize faster turnarounds, while being assured of certainty on delivery times and payout amounts.”

Mr. Joe Kim, CEOof SBI Cosmoney, said,
“We are pleased to be partnering with InstaReMin delivering swift, secure and efficient remittance services for our customers.”

Source: Finextra
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