Instarem Business Referral Code AFFFBCPR: Fund by Card Fees Can Go Below 2% + S$100 Grab Voucher Event Offer
Send and receive international payments, manage business spending and access financing.
Pay supplier invoices and payroll using your credit card—even when the recipient does not accept cards. Instarem’s Fund by Card service charges your eligible Visa or Mastercard credit card and pays the recipient into their bank account.
Processing fees can go below 2%, depending on your applicable quotation. You may also earn card miles, cashback or points and gain cash-flow flexibility, subject to your card issuer’s terms.
Beyond Fund by Card, Instarem Business lets you send and receive international payments, make bulk payments and manage spending with corporate cards. Eligible businesses can also access financing through Choco Up.
Sign up using Instarem Business referral code: AFFFBCPR or referral link.
Contact Samuel Poe at Instarem Business and quote AFFFBCPR for your exclusive processing rate. FX rates and third-party charges may apply. Terms and conditions apply.
Fund by Card exclusive event: 4 November 2026
Instarem is hosting an invite-only session on Wednesday, 4 November 2026, from 4:30 PM to 6:00 PM (Singapore time). Learn how Fund by Card works, ask questions and meet other business owners over drinks. The event also offers exclusive processing rates.
Extra event benefit: receive a S$100 Grab voucher when you sign up on the spot and transact S$10,000 through Fund by Card, subject to the event offer’s qualifying conditions. Terms and conditions apply.
Register your interest on Luma and indicate “SG Referral Promo” as your inviter. Spaces are limited and attendance is subject to approval. Confirmed guests will receive the venue details by email.
Table of Contents
About Instarem Business
Instarem Business lets registered companies, SMEs, freelancers and sole proprietors pay suppliers or employees in more than 160 countries, receive supported currencies and manage company expenses.
There is no setup or subscription fee. The quoted exchange rate and payment-specific charges are shown before confirmation; third-party charges may apply.
Main services at a glance
| Service | What it helps your business do |
|---|---|
| Overseas remittances | Pay suppliers, employees and overseas branches; fund through PayNow or bank transfer in Singapore |
| Receive international payments | Collect supported currencies from overseas customers, subject to approval |
| Bulk payments | Upload supplier or payroll payments rather than enter each one separately |
| Fund by Card | Use an existing eligible credit card for business payments to bank accounts |
| Business cards | Issue corporate and employee cards, set limits and track spending |
| Business financing | Apply for growth or working capital through Choco Up, subject to assessment |
Instarem identifies Temasek, Visa and Vertex Ventures amongst its prominent backers.
Is Instarem Business safe and reliable?
Instarem is a brand operated by Nium, a Singapore-headquartered global payments company.
- MAS-regulated: Nium Pte. Ltd. holds a Major Payment Institution licence (PS20200276) from the Monetary Authority of Singapore.
- Customer funds are safeguarded: Instarem’s Singapore SME terms state that customer money is held with a licensed Singapore financial institution, separate from Nium’s operating funds. These are not bank deposits and are not covered by Singapore’s Deposit Insurance Scheme.
Overseas business remittances
Instarem Business offers overseas remittances at competitive exchange rates, with payment fees shown before confirmation. For example, set up a payment to an overseas supplier, review the exchange rate, fees and recipient amount, then fund the transfer using PayNow, bank transfer or an eligible credit card through Fund by Card.
See Instarem’s supported funding methods. The sub-2% fee relates to credit-card funding, not PayNow or bank-transfer funding.
Bulk supplier and payroll payments
For businesses paying multiple suppliers or employees, Instarem supports up to 1,000 transactions in one bulk upload. Upload payment and recipient details using its Excel template, then review the payments before submitting. This feature is available to Singapore businesses. See the bulk-payment guide.
48-hour FX rate lock with no deposit or cancellation fee
You can lock an exchange rate for up to 48 hours with no deposit and no cancellation fee. For example, a business can lock the rate on Friday and fund the transfer over the weekend, or let the transaction lapse without a penalty.
The lock period depends on the currency and transaction. Instarem may cancel an unfunded transaction after 48 hours, after the timeframe displayed on the platform, or if the rate moves by more than 5% before processing.
Receive international business payments
Instarem’s Receive service lets businesses collect payments in USD, AUD, SGD, HKD, JPY, NZD, EUR and GBP, without opening a separate local bank account in each market. This can be useful when invoicing overseas customers.
The Receive service is available by application and approval, rather than automatically with every business account. Contact Instarem to arrange access and confirm the receiving details and applicable charges.
Fund business payments by credit card
To use Fund by Card, create a payment, upload the invoice and enter an eligible Visa or Mastercard credit card. Instarem charges the payment and fee to your card, then pays the recipient’s bank account. Eligible expenses include supplier invoices, payroll, commercial rent and utilities.
Using a credit card may provide up to 55 days of interest-free cash flow, depending on the billing cycle and your issuer’s repayment conditions. See how the cash-flow benefit works.
The processing fee depends on the payment amount and card used. Compare your quoted fee with the value of any eligible miles, cashback or points; card rewards depend on your issuer’s exclusions and caps.
Fund by Card is geared towards SGD payments. Some payments arrive on the same day, depending on the route, cut-off time, beneficiary bank and compliance checks.
Instarem Corporate Card
The Instarem Business Card offers two card types:
- Corporate card: For shared costs such as subscriptions, advertising and departmental expenses.
- Employee card: For individual expenses such as business travel and purchases.
Businesses can issue multiple cards, view spending in real time and set per-transaction, daily or monthly limits. Administrators can also:
- Set expiry dates and assign authorised employees.
- Restrict payment channels or merchant categories, and freeze or block cards.
- View merchant details and FX rates, and upload receipts.
The virtual card has no ownership fee, although transaction charges may apply. A physical employee card costs a one-time S$5 issuance fee.
Virtual and physical cards support Apple Pay and Google Pay. A virtual card can be used immediately.
The card wallet holds SGD and supports payments in more than 100 currencies wherever Mastercard is accepted, with conversion at checkout.
Fund by Card versus the Instarem Business Card
| Feature | Fund by Card | Instarem Business Card |
|---|---|---|
| Funding source | An existing eligible Visa or Mastercard credit card | Funds in the Instarem Business account |
| Recipient | Paid into a bank account | A merchant accepting Mastercard |
| Main use | Invoices, suppliers, payroll and business transfers | Online, in-store, corporate and employee expenses |
| Main benefit | Use an existing card limit and potentially earn card rewards | Issue controlled virtual cards and track company spending |
Team access and payment approvals
You can give team members different levels of access through Instarem’s user roles:
- Admin: Manage account access, assign roles and issue or control business cards.
- Maker/checker: Separate payment preparation from approval, including for batch payments; view activity and download statements.
- Cardholder: Access their own card details and transactions within the permissions set by the admin.
This lets a finance team prepare payments while an authorised approver checks them, instead of relying on one person to handle everything.
Business financing through Choco Up
Instarem provides access to revenue-based financing through Choco Up, subject to eligibility and approval. Funding can support working capital, payroll, marketing or expansion without giving up equity.
Choco Up assesses applications and sets the financing terms, with repayments linked to business revenue.
How to open an Instarem Business account
- Register through the Instarem Business referral link.
- Confirm that referral code AFFFBCPR is applied. If you plan to use Fund by Card, contact Instarem to confirm your exclusive processing rate.
- Submit the company’s registration details, address and supporting documents.
- Verify the primary account holder and relevant stakeholders. Singapore residents can use Singpass where available; foreigners generally use a passport.
Verification usually takes two to three working days but may take longer if additional checks are needed.
There is no dedicated Instarem Business mobile app yet; the portal is mobile-web compatible.
Who is Instarem Business best for?
Instarem Business is worth considering if your company makes or receives cross-border payments and wants to manage supplier payments, payroll and card spending in one place.
Compare the quoted exchange rate, total charges and recipient amount for your actual payment route. Receiving services and financing require separate approval.
Auntiehuat
Web Administrator
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