This post was originally published on The FinTech Times
Over three million migrant workers living in Malaysia will now be able to remit funds to their home countries in local currencies in near real-time, following a new partnership between Instapay Technologies, the digital payment platform, and payment juggernaut, Mastercard. 
Rajnish Kumar, co-founder and CEO of Instapay Technologies
Mastercard Move has a portfolio of money movement capabilities powering person-to-person and business payments to more than 180 countries worldwide in 150+ currencies. With access to more than 95 per cent of the world’s banked population, Rajnish Kumar, co-founder and CEO of Instapay Technologies, commented: “This collaboration enables us to leverage Mastercard’s vast global payment network and cross-border transfer expertise.
“It will enhance our remittance service to our customers, making it more efficient, secure, and cost-effective.”
With Mastercard Move, Instapay users in Indonesia, Nepal, Bangladesh, India, the Philippines, and Pakistan can enjoy seamless transfers to bank accounts, digital wallets and cash pickup locations. They can also conveniently track payments, fees and estimated delivery times. Instapay will first launch these Mastercard Move capabilities to individual customers in Q2 2025 and has plans to expand to corporate customers in
— Read the rest of this post, which was originally published on The FinTech Times.
