• InstaReM, one of Southeast Asia’s fastest-growing fintech companies and the leading digital cross-border money transfer service provider in that market has launched the Money Transfer InstaMojis
July 17, 2018
Express Yourself. Can you do this with your bank? InstaReM launches emoji communication with customers on World Emoji Day
- InstaReM, one of Southeast Asia’s fastest-growing fintech companies and the leading digital cross-border money transfer service provider in that market has launched the Money Transfer InstaMojis
- The emojis of money transfer would enable InstaReM customers to share their feedback on their transfers with the company’s services team
- Instamojis are another example of how InstaReM connects with customers on a different level compared to other big financial providers.
London 17th July 2018: InstaReM one of Southeast Asia’s fastest-growing fintech companies and the leading digital cross-border money transfer service provider in that market is launching the Money Transfer InstaMojis in celebration of the World Emoji Day.
The emojis of money transfer would enable InstaReM customers to share their feedback on their transfers with the company’s services team. InstaReM will soonbelaunchingakeyboard which will be available for download to InstaReM App users on iOS and Android. Switching to this keyboard, InstaReM users will be able to use InstaMojis for expressing themselvesemojically on feedbacks on their transfers, and conversations with the InstaReM service team. They’ll be able to use theinstamojison external apps as well whenever they switch to theInstaReMkeyboard.
This move by InstaReM is another sign of the company strengthening customer relations. InstaReM recently launched in Europe and its spectacular growth and global reach has been achieved in just over three years, on less than $20 million in capital. InstaReM’s competitive advantage is driven by the fact the company charges an average transaction fee of less than 1 percent, instead of the usual fee plus marginal FX spread that its competitors charge.
Prajit Nanu, Co-founder and CEO of InstaReM said:
“While on the surface Instamojis look like a bit of fun, its actually really important we give our customers multiple ways of communicating with our teams. What sets InstaReM apart from the big banks, is we are a company that champions the consumer, and to do that successfully, we have to be able to connect with them on all levels.”
Notes to editors:
InstaReM is a Singapore-headquartered cross-border payments company, it’s European headquarters is located in London.
Founded in 2014, InstaReM is licensed as a Money Services Business (MSB) in Singapore, Hong Kong, Australia, USA, Europe, Canada, India and Malaysia.
InstaRem powers local payments to more than 60 countries and 3.2 billion people across the globe. InstaReM has created a unique payment mesh in Asia, which is being leveraged by financial institutions, SMEs and individuals to make fast low-cost cross-border payments.
- In March 2016, InstaReM successfully raised a US$5 million Series A round led by Vertex Ventures, with participation from Fullerton Financial Holdings and Global Founders Capital. In July 2017, InstaReM received another US$13 million investment Series B funding led by GSR Ventures, with par cipa on from SBI-FMO Emerging Asia Financial Sector Fund, Vertex Ventures, Fullerton Financial Holdings, and Global Founders Capital.
- The inspiration for InstaReM all comes from a friend of one the co-founders. He needed to pay for a bachelor party in Phuket, Thailand. As he was based in India, he was unable to use his credit cards because they only accepted bank transfers, and ended up being forced to get someone to pay for him in Thai baht, who he then reimbursed in Indian rupees.
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To read more about InstaReM, please visit,https://www.instarem.com/en-gb/
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