This morning The Business Times Of Singapore released an article telling the world that InstaRem has joined forces with Visa.
“SINGAPORE digital cross-border payments firm InstaReM announced on Friday that it is joining Visa’s fintech fast-track programme in Asia Pacific. As part of the Visa fintech fast-track, the two companies will work together to build new solutions for moving money to and from different countries in fast, convenient ways that aim to provide users with seamless digital payments and money transfer experiences.
The programme makes it easier and faster for fintech partners to build and deliver new solutions on Visa’s payments network.”
Last summer InstaReM and BeeTech opened up a new payments corridor between South East Asia and Latin America using Ripple’s instant payment rails. These two firms signed up to use XCurrent and Xvia API’s to transmit and accept real-time payment flows across borders.
InstaRem CEO has publicly stated that RippleNet is actually as fast as domestic payment.
Last night when the Ripple Drop Episode 9 was dropped InstaRem CEO Prajit Nanu said
“RippleNet has actually allowed us to do that, RippleNet allows us to really build the partnership and relationship in multiple markets and enable those relationships to actually possess’ payment much faster”