InstaReM to ease B2B payments from Europe to China

Monday 26 August 2019 14:45 CET | News

Singapore-based money transfer solutions provider InstaReM has announced it will enable the businesses in the UK and Europe to make payments into China.

According to the supplier, globalization of trade requires businesses to pay third parties and staff across the world. But legacy infrastructures and multiple touchpoints have made cross border payments for SMEs, time-consuming and a costly affair. InstaReM’s solution aims to assist SMEs in avoiding the loss of opportunity costs, occurring through an inefficient payments system.

The supplier has stated that its ‘InstaReM for SMEs’ is expected to expand its services and help SMEs in the collection of payments from multiple markets.

Recently, it launched an API-based digital platform with an aim to enable startups, fintechs, and enterprises in launching their own cards.

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Keywords: InstaRem, expansion, Europe, China, B2B payments, supplier payments, SME, trade finance, money transfer solutions, Asia, APAC, cross-border payments
Countries: World