Business Standard

Thursday, January 23, 2025 | 03:58 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Instarem

Singapore's Instarem sees huge inflow of diaspora remittances into India

Singapore-headquartered Instarem sees huge inbound flow of remittances into India, citing the World Bank projection that money sent home by the Indian diaspora will reach USD 100 billion a year in the coming year or so, up from USD 82 billion received last year. India is a huge inbound market for us, and we have big operations in Mumbai, which is our main technology and product centre, Yogesh Sangle, Global Head of Instarem, told PTI on Wednesday on the increase in monies sent home regularly by the Indian diaspora. Instarem has also grown its offices in Bangalore and Chennai, to leverage the talent in India, said Sangle who pointed out that the estimated USD 82 billion received in India in 2022 was the largest remittance flow in the world. The app-based remittance company is setting up operations in Japan to serve Small and Medium Enterprises (SMEs) and Consumers, and has recently launched a SME-support product in Indonesia. COVID-19 had created an opportunity to service the ...

Singapore's Instarem sees huge inflow of diaspora remittances into India
Updated On : 29 Jun 2023 | 10:32 AM IST

Indian-promoted fintech firm InstaRem raises $13 mn in round-3 fundraising

World Bank lists it among the most cost-efficient money transfer platforms across the world

Indian-promoted fintech firm InstaRem raises $13 mn in round-3 fundraising
Updated On : 04 Jul 2017 | 9:44 PM IST