Thailand’s KBank picks Instarem to power cross-border payments
The firm will provide digital cross-border payments for KBank’s clients in select markets.
Prajit Nanu, co-founder and CEO of Instarem, says: “This relationship further cements Instarem’s position as a leading provider for cross-border transactions. With Instarem, KBank clients will be able to realise faster turnarounds, while providing certainty on delivery times and payout amounts.”
KBank senior executive Silawat Santivisat says the partnership has come at an exciting time for the bank.
He adds: “We are continuing to expand our cross-border payment capabilities into key markets across the world, as we are witnessing increasing demand from our customers. We are confident that Instarem’s services will complement our offering and further strengthen our capabilities in serving our clients.”
Instarem already works with three of the top ten Southeast Asian banks and claims to be the only digital cross-border payments company with presence across Asia-Pacific, North America and Europe, covering more than 40 countries.