InstaReM, a Southeast Asia’s digital cross-border money transfer service provider, announced on Wednesday it has formed a new partnership with Thailand-based banking group, KASIKORNBANK. The partnership will reportedly help InstaReM further entrench itself as a leading player in the institutional payments space.
While sharing more details about the partnership, Prajit Nanu, co-founder and CEO of InstaReM, stated:
“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 cross-border transactions. With InstaReM, KBank clients will be able to realize faster turnarounds, while providing certainty on delivery times and payout amounts.”
Silawat Santivisat, Senior Executive Vice President of KASIKORNBANK, also commented:
“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. We are confident that InstaReM’s services will complement our offering and further strengthen our capabilities in serving our clients.”
InstaReM added it already powers payments for three of the top ten Southeast Asian Banks and leading financial insitutions across the globe.