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Instarem

Head Quarters: No.22, Cunningham Classic, Cunningham Road, Bengaluru, Karnataka, India - 560052

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RBI License Number

: Category-II-No.BLR-ADII-0001-2023

Status of Authorisation:

Authorised Dealer Category II (AD2)

Instarem, launched in 2014, has grown into one of the world’s most trusted digital platforms for cross-border money transfers, forex cards, and foreign currency exchange. Operating under NiumForex’s RBI-approved AD-II licence in India, Instarem combines global fintech expertise with local regulatory strength. The platform enables secure and affordable overseas payments to more than 60 countries, making it a preferred choice for students, professionals, and businesses alike. With transparent pricing, real-time rate tracking, and quick digital processing, Instarem simplifies international payments while maintaining complete compliance and reliability. Its focus on innovation, user convenience, and cost efficiency continues to set new standards in cross-border financial services.

ExTravelMoney is proud to partner with Instarem to deliver customers a fast, transparent, and reliable way to send money abroad through one of the most advanced fintech ecosystems in the world.

Instarem's Role in Remittance:

  • Provide exchange rates to ExTravelMoney for multiple currencies and remittance purposes.
  • Receive the customer lead when customer chooses Instarem.
  • Verify the customer’s eligibility, collect & confirm the required KYC documents.
  • Accept payment from the customer as per the approved estimate.
  • Execute the transfer to the beneficiary via its partner AD1 banks.
  • Share the SWIFT copy and the GST invoice, along with the required breakups, with the customer.

Expected time for beneficiary credit: International remittances (Wire/TT/SWIFT) are credited within three international working days, subject to AML and compliance clearance at both ends.

Partnered Products:

  • Outward Remittance from India under LRS
  • Buy & Sell of Foreign Currency Notes
  • Prepaid Forex Travel Card