Why Instarem Should Be Your Default Choice For Remittance

25 May 2017
4 mins read
Written by Team Instarem

Sometimes our professional or personal commitments take us to lands afar. Far from home, the thought that mostly pops up in our mind is the welfare of loved ones. And unlike most Bollywood movies, we do not have the luxury to travel back at that instant and see all the happy faces. So we naturally send money, money for that saree for mom, or a blazer for dad, or a mobile for sis or Kishore da’s song collection for grandparents or a sweet little ring for wife. That’s where we fit in.

We offer you near InterBank rates, so that makes InstaReM the most affordable way to send money to loved ones. Even the World Bank says so. And we are just getting started (trumpet rolls).

But if I say that InstaReM is the next big thing in sending money across to your loved ones, probably only the ones who know me personally would agree. But hey, I am analyst and like most data geeks, I maintain that –

“In God we trust, all others must bring in data” — All analysts and fancy bloggers around the world

So let me prove myself. Let me present you data to rebut my case. Let me actually show you why you should prefer InstaReM over anyone else. (I take the liberty to blur out some fields, which, if presented publicly, might get me fired and sued for data theft.)

Time taken to process a transaction

Unlike many others, we process a bulk of our transactions within a day. Yes, a day.
The remaining ones are processed on the next day, unless we come across issues like incorrect details of the payee etc. Also, as the money is sent directly into an account, there is no need for the recipient to actually go and visit an agent. Why miss your wife’s b’day when you can send her a gift, the same day

Time taken to process a transaction

Transaction Size

As a P2P transfer medium, it’s expected that most of the transactions fall within a certain bucket range.
Our average transaction size is about AUD 2000. For our industry that is very high (most other companies have an average transaction size of about AUD 500, which is just ~25% of our business).
This shows that our clients love our rates and trust us to get their money home quickly and securely. Even businesses use us to transfer money securely. Whatever the client, amount, or recipient; InstaReM is always committed to give you the same hassle free experience.

Average size of remittance via InstaReM

Returning users

Our customers love us (we love you too, guys). Instead of mushy-mushy texts and flying kisses they keep visiting us, often.
In-fact as you can see on the graph below, we have a lot of customers who visit us even after 60 days (the x axis of the graph) to send money to their loved ones.
For some we have even become a part of daily life. I will stop here and wipe my tears till you see data and spread the love.

What’s next?

For InstaReM — We have just launched our android and iOS apps, and are in the process of revamping our website. Next, we will a revamped UX. We are adding more countries where you can transfer money to/from and we are building cool new products — many are firsts in the payment industry.

For me — Going out for a cup of coffee, happy that I managed to convince you to use InstaReM.
Write me a note in comments and I will get back. No seriously. Without any tickets generated or process flows. And mostly within a day. I know that’s great. Thanks 🙂 

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.