Mumbai: India’s own omi-channel payment platform, Airpay collabs with InstaReM to launch FX Payments. In collab, international transactions will now serve through ‘FX Payment’.
The service is the international alternative to credit cards which is currently available in 27 different countries across the globe. Inefficient, FX payment sources billing solutions to marquee Indian clients under the hospitality, education and retail sectors and their overseas customers. An opinion of making payments through InstaReM through the Airpay gateway allows users to save processing fees on the Fix margin.
FX Payment – Service from Airpay benefits users by removing overseas payment compliances. The charges and timer reduction of a transaction are the focussed factors of this service.
Prajit Nanu, co-founder and CEO of InstaReM, said, “InstaReM’s innovative payments solutions enable individual and enterprise users to send, spend and receive money efficiently, to and from different parts of the world, while saving on high transaction costs that are traditionally associated with cross-border money movements. We are now extending our capabilities to payment gateways, thereby offering a fast, secure and cost-effective payment option to customers buying on e-commerce sites. With this partnership, consumers all over the world will be able to make payments in real-time to some of the highly-reputed merchant brands in India.”
“International payments via credit cards are opaque and expensive due to high credit card processing charges and hidden fees that are not typically known or explained to the consumers. By leveraging InstaReM’s global presence and capabilities in cross-border payments, we are offering a seamless and transparent payment option which is going to be immensely beneficial to the merchants using our platform as well as their customers,” added Kunal Jhunjhunwala, Principal Founder and Managing Director of Airpay.