Instarem’s Refer-a-buddy Referral Promotion – Terms and Conditions

Instarem’s Refer-a-buddy Referral Promotion – Terms and Conditions

Here’s your chance to get Amazon Gift Voucher worth 1500 INR.


Refer as many friends as you want and get an Amazon gift voucher worth 1500 INR on each referral when your friend makes their first successful transaction of 5000 INR or more with us. That’s not all!

*Please refer to the T&Cs below:

Terms and Conditions

Refer-a-buddy Referral Promotion (“Promotion”) is brought to you by Nium Pte Ltd. and associated entities (formerly known as Instarem Pte. Limited – “Instarem”). Please read these Terms and Conditions before participating in this Promotion. By participating in this Promotion, you, as a Participant, and all the Participant(s) agree to be bound by these Terms and Conditions, and you satisfy all eligibility requirements as provided below:

  • As a Participant in the Promotion, you must be at least 18 years of age.
  • This promotion is applicable to ‘referrers’ who have an approved Instarem individual account in India, and ‘referees’ who are residents of any of Instarem’s sending corridors: Australia, Singapore, Hong Kong, Malaysia, Europe, the United States, the United Kingdom and Canada.
  • User(s) can participate in the Promotion by making a transaction through the website or mobile app.
  • Refer-a-buddy Referral Promotion: Refer a friend successfully and get 1500 INR Amazon gift voucher on each successful referral.


Steps To Refer Your Friend:

  1. Log in and share your referral link with your friends.
    On web – go to ‘Refer & Earn’ menu. On app – go to your profile/My Account.
  2. Your friends sign up with your referral link.
  3. Ask your friends to make their first transfer
  4. Once they make a successful transfer, you get rewarded.
  • You, the Participant, get an 1500 INR Amazon gift voucher for every friend you refer who makes a successful transaction with us.
  • To be eligible for the Refer-a-buddy Referral Promotion (“Promotion”), all referees are required to successfully complete their first transaction before the end of the Promotion period, i.e., Monday, March 11, 2024; 23:59:59 IST.
  • Referees can make a transfer of a maximum amount within the parameters as defined in their region by Instarem on
  • This offer is valid from Thursday, January 11, 2024 23:59:59 IST until Monday, March 11, 2024; 23:59:59 IST.


Instarem’s Refer-a-buddy Referral Promotion Mechanism

  • The terms of the Promotion will apply to all the user(s) registered with Instarem.
  • A “successful referral” is one whereby the referred client has completed his/her first transaction successfully, without any related cancellations, rejections or unpaid transactions within the campaign period.
  • Only those transactions of referred client(s) that are ‘Paid to Beneficiary’ (Transaction Status: Paid) as on end of Promotion date would be considered for the Promotion. There could be cases where last-minute transfers set up by referred client(s) could face delays due to compliance or other regulatory reasons, or could be subject to delays in regular processing. Please note that such transactions will not be considered.
  • Transfers by new referred client(s) to their referrer’s account would be considered as a quid pro quo and would not be eligible.
  • Transfers by new referred clients of a referrer to a common account(s) would be considered as a quid pro quo and would not be eligible.
  • In case a Referrer has referred himself (he has created a 2nd account with his own details), it will not be counted in the referral total and such entries will be considered ineligible for the Promotion.
  • Referee must use the Referrer’s referral code while signing up and may use only one referral code to sign up.
  • Referee must sign up and complete their first transaction during the campaign period i.e., from Thursday, January 11, 2024; 00:00:00 IST until Monday, March 11, 2024; 23:59:59 IST.
  • A user(s) will be eligible for one gift voucher per successful referral. For e.g.: If a user refers 4 friends successfully, he/she will be eligible for 4 Amazon gift vouchers.
  • Instarem employees are not eligible to participate in this offer.
  • Failure to comply with any of these terms and conditions may result in the disqualification of the entry in the Promotion.
  • This Promotion is not applicable for corporate clients.
  • Instarem reserves the right to choose eligible entries of the Promotion and will not and does not have any obligations under any circumstances to explain the choice of eligible entries.
  • Instarem expressly reserves the right, at any time and without prior notice to add and/or alter, modify, change or vary all or in part, this Promotion or to cancel the Promotion altogether.
  • This Promotion is in no way sponsored, endorsed or administered by or associated with any other social media platform.


Gratification Details:

  • Users will receive their Amazon gift voucher as mentioned below.


For Successful Referral Period until :Gratification Period
Till March 11, 2024March 20 and April 28, 2024


  • The gift voucher will be valid for one year from the date of receipt.
  • Instarem is in no way associated or partnered with Amazon for this Promotion.
  • The gift voucher is subject to Amazon’s terms and conditions.
  • Validity of the cannot be extended.


Instarem is a brand operated by Nium Forex and provides international money transfers to customers in India.

Nium Forex India Pvt. Ltd. is licensed by the Reserve Bank of India as a Category-II Authorised Money Exchange Dealer (AD II).