InstaReM, a fintech company from Singapore which is a RippleNet member, has recently joined Visa’s fintech fast-track program for the Asia Pacific Region, according to a press release emitted by the company.
The fast-track program is an initiative made by Visa that aims to help other companies to deploy their commerce solutions quickly using Visa’s services as a basis. The idea from the partnership, as affirmed in the press release, is to create new solutions that could help to move money around countries quickly while the users can enjoy a seamless experience during the transfers.
InstaReM And Ripple
The Singapore-based fintech joined Ripple last year. The partnership happened during the half of the year, which means that the crypto market was starting to get burned from the bear market at the time.
However, instarem.com, which works in over 55 countries, does not seem eager to abandon Ripple. It has been using both xVia and xCurrent so far and it has also been recently showcased on The Ripple Drop, Ripple’s video channel.
According to its CEO, Prajit Nanu, which has talked about the relationship last May, as soon as ties between the two companies were done, Ripple has provided the company with a very valuable service that they can offer to their clients in order to make cross-border transactions without any kind of issue.
The Partnership With Visa And The Future
InstaReM is also very excited to work with Visa. Nanu has affirmed today that the company is happy to work with the payment processor and that they will now be able to issue cards considerably quite faster than before, which was one of the main reasons for the partnership.
Visa’s Head of Digital Partnerships at the Asia Pacific Region, Hamish Moline, is also happy to be in this partnership. According to the head officer, InstaReM will be highly benefited from being a part of the program and it will help Visa as well in order to expand the reach of the company.
Fortunately for Ripple, the partnership between the two companies is still strong and there are already plans to use Ripple’s payments services before the half of 2019.