How can we be sure that amount charged to my credit card shall be paid by Instarem to my beneficiary? 

14 Dec 2023
1 min read
Written by WebOps CPL

The amount charged to your designated credit card on Instarem is held in a “Client-held Settlement Account”. Instarem is a regulated entity in Australia, Hong Kong, Singapore and Malaysia, and the funds held in this account cannot be used for any other purpose other than transfer to the beneficiary nominated by you, as per your instructions on the platform. After the amount has been paid to your beneficiary, we provide full transaction details on our platform for your review and reconciliation, and we shall also send a remittance advice to your beneficiary for their records as well. 

This service is available for clients in Australia, Singapore, Hong Kong and Malaysia. 

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.