Instarem enables real-time payments to Malaysia

Workers can save money from foreign exchange fees and transportation costs.

Singapore-headquartered payments fintech Instarem has enabled users to send money to Malaysia.

Instarem’s new real-time payment option enables Malaysians in Singapore to send cash in the safety of their homes in the Lion City, avoiding the hefty foreign exchange fees or the roundtrip travel costs to Johor Bahru that Malaysian workers often trek in order to avoid the fees.

“Enabling instant payments for Malaysian ringgit transfers is a very important step in helping our Malaysian users send money to their families without having to worry about anything,” said Michael Minassian, head of consumer business, APAC at Instarem. “Our business was founded to help remove complexities around money and we continue to strive to do so.”