InstaRem, a remittance payment startup, is getting into international money transfers, and significantly undercutting the competition on price and speed. It’s probably time to kiss The Western Union and Money Gram goodbye. Cross border money transfer is traditionally designed to fleece money from senders and receivers; hence, many startups are trying to disrupt the space. So the remittance market is now witnessing immense action from upcoming startups.
Reference link: http://yourstory.com/2015/02/instarem/