Instapay and Mastercard enable near-real time remittance to 6 Asian countries

It will enable 3 million migrant workers in Malaysia to remit funds in local currencies.

Instapay is adopting Mastercard Move, enabling 3 million migrant workers in Malaysia to remit funds to their home countries in local currencies at near real-time.

Mastercard Move is a portfolio of money movement capabilities enabling person-to-person and business payments to more than 180 countries in over 150 currencies, according to the joint press release by Instapay Technologies and Mastercard.

Instapay will first launch these Mastercard Move capabilities to individual customers in Q2 2025 and has plans to expand to corporate customers in the future.  

Malaysia’s migrant workforce comes primarily from Indonesia, Nepal, Bangladesh, India and the Philippines. With Mastercard Move, Instapay users in these five countries as well as in Pakistan are promised seamless transfers to bank accounts, digital wallets and cash pickup locations.

Users can also reportedly track payments, fees and estimated delivery times.

“This collaboration enables us to leverage Mastercard’s vast global payment network and cross-border transfer expertise,” said Rajnish Kumar, co-founder, and CEO of Instapay Technologies.

“It will enhance our remittance service to our customers, making it more efficient, secure, and cost effective,” Kumar said.