How Jtron used Instarem to save 50% on bank fees for cross border transactions

The Company

Jtron (SAP) Pte Ltd is a global services solutions company that is dedicated to providing expert support to its customers in the areas of hardware maintenance, call center management, and repair and calibration of semiconductor testers. With partnerships with major companies like Keysight, Advantest, and Epson, Jtron (SAP) is able to offer onsite and robot services to equipment end users across the globe, including in countries like Taiwan, China, Singapore, Malaysia, Thailand, and Korea. 

The Challenge

As a large-scale operation with international business dealings, Jtron (SAP) faced a challenge when it came to making cross-border transactions. The company needed a payment service provider that could facilitate quick and easy payments without incurring high fees, but traditional banks failed to meet these needs. That’s where Instarem came in.

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The Solution

By using Instarem to make payments in currencies such as USD, PHP, VND, MYR, and THB, Jtron (SAP) was able to save at least 50% on the usual bank charges for these transactions.

The process was also much faster and more efficient than using a traditional bank, with some transactions being completed almost immediately. HR Director of Jtron (SAP), Serine Tseng, says, “With Instarem, the transaction time is pretty fast.”

The Results

• Cut cost by 50% on bank fees for cross-border payments.
• Makes faster and hassle-free payments from Singapore to the United States, Philippines, Vietnam, Malaysia, and Thailand  – in a matter of minutes.
• Enjoys attractive rates in comparison to banks.

If you’re a global business in need of a payment solution, look no further than Instarem. Sign up for a free account today and start enjoying the benefits of fast, cost-effective cross-border payments.