Podcast: How Using Your Credit Card As A Tool For Cash Flow Can Help Your Business

Money know-how
15 Jul 2020
2 mins read
Written by Team Instarem
This article covers:

    When you run your own business, you have a lot on your mind. And maintaining positive cash flow is one such worry that keeps business owners up at night. But not anymore! Instarem’s BizPay is a unique solution that helps small and medium businesses convert their existing credit card limit into working capital, to make local and cross-border supplier payments.

    So, how exactly does Instarem BizPay work? Nium’s Global Head of Commercial Payments, Sanjiv Razdan, explains it all in this interview with Taneia Bhardwaj, Content Head & Thought Leader – SME at Nium. Listen to the podcast above or listen on Spotify, Breaker or Pocket Casts.

    Here’s an excerpt from the interview:

    Taneia Bhardwaj: What problem does Instarem BizPay try to solve?

    Sanjiv Razdan: Businesses have a host of expenses such as payroll, rent, tax, insurance, utility bills and supplier invoices. Instarem BizPay enables businesses to tap into the unused credit card limit to pay off these expenses.

    One of the biggest problems that businesses face with using a credit card for business expenses is low acceptance from suppliers for card-based payments.

    Reason: Credit card payments often come with processing fees that suppliers are reluctant to bear. Besides, even if the suppliers are willing to move to a card-based payment platform, setting it up can be quite laborious.

    Businesses too have to bear additional costs on exchange rates and fees when it comes to cross-border payments.

    What Instarem BizPay is trying to do is expand the usage of credit cards beyond travel and entertainment. Our platform enables a business owner to use their corporate credit card to pay their suppliers, including the ones who do not accept credit card payments.

    Here’s a quick look at how Instarem BizPay benefits small and medium businesses:

    To know more, visit

    SG: https://www.instarem.com/en-sg/bizpay

    AU: https://www.instarem.com/en-au/bizpay

    About Instarem

    Instarem stands at the forefront of international money transfer services, facilitating fast and secure transactions for both individuals and businesses. Our platform offers competitive exchange rates for popular currency pairs like USD to INR, SGD to INR, and AUD to INR. If you're looking to send money to India or transfer funds to any of 60+ global destinations, Instarem makes it easy for you. We are dedicated to simplifying cross-border payments, providing cutting-edge technology that support individuals and businesses alike in overcoming traditional fiscal barriers normally associated with banks. As a trusted and regulated brand under the umbrella of the Fintech Unicorn Nium Pte. Ltd., and its international subsidiaries, Instarem is your go-to for reliable global financial exchanges. Learn more about Instarem.