InstaReM Referral Code: gQfEDQ (Referral Promo)

Fast, Seamless, Low Cost Overseas Money Transfers

Sign up with the referral link or referral code: gQfEDQ, and you will receive 225 InstaPoints. InstaPoints can be used to offset the fees in remittance transactions.

See terms and conditions.

Validity period: 16 Sep - 16 Oct 2022

Refer-a-friend T20 World Cup Promotion

For new users from Singapore, Malaysia and India, there is an additional promotion by Instarem. You can receive an additional bonus equivalent to SGD 20 when using the coupon code CRICKET on your first transfer.

If you refer your friends to Instarem, you can also get a chance for the giveaway to the ICC T20 World Cup Final in Australia.

Visit the official campaign page for full details and terms and conditions.

Table of Contents

About Instarem

Simplifying Payments Globally – It’s in Our DNA

Instarem is the trading name of NIUM Pte Ltd, a Singapore-headquartered Fintech company offering digital cross-border money transfers to individuals and businesses.

NIUM Pte Ltd is regulated by the Monetary Authority of Singapore as a Major Payment Institution under License No. PS20200276.

Service Portfolio

Sharing my experience on some of Instarem’s offerings that I have used.


Why should I use InstaReM for remittance?

  • Regulated by the Monetary Authority of Singapore (MAS). I wouldn’t advise to use any service not regulated by MAS.
  • Better FX rates than banks.
    • Instarem offers zero-margin* FX rates. According to them, many banks and Money Transfer Providers add a mark-up to the FX rates they offer to their customers for sending money abroad. Besides, there are other hidden charges which makes for an inefficient, international money transfer experience.
  • You can sign up conveniently using SingPass MyInfo
  • Instant transfer to Visa debit cards
  • Transparency, low remittance fee and zero hidden charges.
  • Send money to Malaysia instantly
    • send money to your loved ones in real time and faster than banks!
  • Large number of countries supported
    • Asia: Bangladesh, China, Hong Kong, India, Indonesia, Japan, Malaysia, Nepal, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Vietnam
    • Europe: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Spain, Sweden, United Kingdom
    • North America: USA, Canada, Mexico
    • South America: Argentina, Chile, Colombia, Peru
    • Oceania: Australia

*applicable only for certain currencies and certain trading hours

Personal experience

My impressions of Instarem remittance:

  • Signing in is convenient via Facebook and Google social accounts.
  • Transfer of funds to Instarem can be via PayNow.
  • I have sent monies to Malaysia, and recipients typically receive the funds really fast (as short as 1 minute).
  • Supports sending monies to foreign businesses.
    • I once purchased some goods from Australia and needed to pay the foreign business >$1000AUD. I was able to do this via Instarem rather than through a bank and thus saved some expensive TT fees.
    • Not every remittance service supports paying to businesses so I view this as a big plus point for Instarem.

Instarem ‘Amaze Card’

The ‘Amaze Card’ is both a virtual and physical card that can combine up to 5 debit or credit cards. This eliminates the need for you to carry multiple cards. You can choose a specific card from your app to transact with any time.

Another benefit of the card is the 1% cashback on every transaction of SGD 5 and above. Do note that transactions under certain Merchant Category Codes (MCCs) are excluded.

GPay (Google Pay) support

You can use the ‘Amaze Card’ on Google Pay and enjoy greater convenience by paying with your Android phone. This also allows you to stack the cashback with any Google Pay rewards.

PSA: Beware of illegal activities

Keep your account safe. Never facilitate fraud and money laundering by being a money mule.

  • Stay away from deals offering to purchase your account.
  • Never let someone else access or watch you access your account.
  • Don’t make payments on behalf of another person.
  • Never share login details of your account with someone else.
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