Instarem

Instarem is a business payments brand for international payments, delivery-based currency conversion and payouts to suppliers and employees. The brand is part of Nium and should not be treated as a separate new legal provider relative to Nium.

Services

• International business payments
• Deliverable conversion
• Payouts to suppliers and employees

Clients

The target audience is companies. A firm paying overseas suppliers or a distributed workforce can send local-currency payouts without opening accounts in each country.

Onboarding

The company requires business registration documents, proof of address, identification of key individuals and a jurisdiction-specific compliance review. Requirements therefore vary with the country of the business and the corridors it wants to use.

Language

The website is in English.

Terms to confirm

Fees, exchange margins, supported countries and currencies, limits and settlement times are not listed. Since the legal entity and partner structure depend on the contract, the entity that will provide the service should be identified before onboarding.