InstaReM is a cost-effective, simple and quick way to transfer and remit money to countries worldwide. In this project, Instarem partnered with Ajackus to build iOS and Android mobile apps.
International money transfer experiences through banks and other service provider were neither straight-forward, nor cost-effective. Excessive paperwork and multiple touchpoints increased costs, and stretched the time taken for end-to-end transfer. Instarem wanted to make this process simple, cost-effective and faster for the end user.
Ajackus was hired to serve as a technology partner to develop a robust and secure mobile app platform enabling consumers, Small and Medium Enterprises and financial institutions to make international money transfers at a low cost and transfer FX rates.
After only 6 months, Instarem demonstrated its revolutionary potential as a remittance provider that enabled helping millions of people transfer money to countries worldwide. With InstaReM, users can now send money from Australia, Singapore, Hong Kong People's Republic of China, Malaysia, Euro Zone Countries, UK, India, Canada and the US.
Funding secured till date