Instarem Pte. Ltd., a Singapore-based cross-border payments service, said it has launched operations in the Canadian market, a move that further solidifies its presence in North America. 

Instarem has officially registered as a money service business with regulatory authorities in Canada, allowing residents and businesses there to send funds to more than 60 countries. 

"At Instarem, we're committed to giving people the platform to use their money their way and after launching successful operations in some of the high-traffic corridors in the Asia-Pacific, European Union and the United States, we are thrilled to arrive in Canada," Prajit Nanu, co-founder and CEO of Instarem, said in a company release. "Our innovative payment solutions enable individual and enterprise users to send, spend and collect money to and from any part of the world — while saving on high transaction costs that are associated with traditional cross-border money movements."

Cover image courtesy of Instarem.