Instarem, a global digital cross-border payments company, has introduced recurring transfers to the Singapore market, providing convenience, time savings and a hassle-free experience.
Users can personalise their payment schedules to align with their preferences, choosing between weekly or monthly payments. Additionally, users can easily modify, pause, or cancel scheduled payments at any time.
Scheduling these transfers can conveniently be achieved through the transaction history, or immediately after the initial transaction. Users can further expedite scheduled transfers by linking their bank account to their Instarem account.
Instarem said it guarantees the best currency rates available within the 24 hours before each transfer.
Yogesh Sangle, Head of Instarem, shared: "We are dedicated to continuous improvements for our customers in Singapore who transacted close to US$350 million in remittances in 2023 alone. We have witnessed our diverse base of users here, from expatriates to foreign workers, who all rely on Instarem for crucial financial transactions, be it family support, loan repayments, education, savings and investments. To streamline these financial decisions, we are proud to introduce recurring payments, offering time-saving convenience while ensuring users retain the advantage of the best currency rates."
Existing users can immediately access this feature by signing into their accounts, while new users can easily utilise it by downloading the app or signing up on the Instarem website.
