What is a Global Collection Account?  

14 Dec 2023
1 min read
Written by WebOps CPL

Our Global Collection Account is a convenient payment solution that enables you to collect payments from your international customers using your local bank details in their respective country. This service is available for business accounts registered in Singapore, Australia, Malaysia, Hong Kong, India and Indonesia only. 

With the Global Collection Account, we provide you with local bank details in countries where you may not have a physical presence. Your customers can then make payments to this account using their local payment methods.  

The Global Collection Account provides helpful features for your convenience. These include:  

  1. Tracking payment status for each customer.  
  1. Receiving notifications about payment activity.  
  1. Generating payment reports to keep you organised.  

With these features, managing your payments becomes easier and more efficient.  


 

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.