Why did Instarem raise its B2B transaction limit in Malaysia, and who authorised the increase, along with the reasons for Bank Negara Malaysia’s approval? 

14 Dec 2023
1 min read
Written by WebOps CPL

Instarem raised the B2B transaction limit to enhance client service, offering increased flexibility and convenience for B2B transactions. This limit increase received approval from Bank Negara Malaysia, which was granted based on Instarem’s rigorous adherence to the regulations outlined in the Money Services Business Act 2011 (APPWL) and the Money Services Remittance Business Regulations (Amendment) 2015. Our robust processes, systems, and internal controls are designed to ensure the safety and security of B2B transactions, including client due diligence and know-your-business (KYB) procedures. 

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.