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InstaRem launches platform that allows fintechs, enterprises to create own payment cards

InstaRem, a cross-border payments and money transfer company in the Southeast Asian market, said it launched an API-based digital platform that allows fintechs, startup companies and enterprises to create their own branded cards, according to a press release.. 

InstaRem said the platform, built alongside the Visa Fintech Fast-Track Program, would offer next-generation digital payments and cards as a B2B solution, according to the release. InstaRem said its fintech and enterprise customers will now be able to issue payment cards to employees and vendors without the need to obtain local licenses. The platform can also be used to create consumer cards, according to the company. 

The platform will initially be tested in Singapore, then rolled out in Europe, Australia and other international markets, according to Gitesh Athavale, head of products at the company, told Mobile Payments Today via email.