InstaReM, a leading digital cross-border money transfer company with a global presence,has announced that it will now power cross-border payments for the clients of Kasikornbank (Kbank) Thailand’s leading banking group, across select markets.
InstaReM already powers payments for three of the top ten Southeast Asian banks and leading financial institutions across the globe. This partnership with Kbank helps InstaReM further entrench itself as a leading player in the institutional payments space.
Announcing InstaReM’s partnership with KBank, Prajit Nanu, co-founder and CEO of InstaReM said, “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 realise faster turnarounds, while providing certainty on delivery times and payout amounts.”
Mr Silawat Santivisat, senior executive vice president of Kbank, 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. We are confident that InstaReM’s services will complement our offering and further strengthen our capabilities in serving our clients.”