Instapay Taps Mastercard to Enhance Migrant Worker Remittances in Malaysia
With this integration of Mastercard Move, Instapay users will be able to send money in near real-time to bank accounts, digital wallets, or cash pickup points.
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Instapay Technologies is teaming up with Mastercard to expand its cross-border money transfer services for Malaysia’s migrant workers, using Mastercard Move.
The partnership aims to simplify and speed up remittance processes for over three million migrants residing in the country.
Mastercard Move is a suite of money movement capabilities supporting transfers to more than 180 countries in over 150 currencies.
With this integration of Mastercard Move, Instapay users will be able to send money in near real-time to bank accounts, digital wallets, or cash pickup points.
The service will initially roll out in the second quarter of 2025, covering key corridors such as Indonesia, Nepal, Bangladesh, India, the Philippines, and Pakistan.
Users will also be able to track transaction status, fees, and estimated delivery times through Instapay’s platform.
The company said it plans to expand the offering to corporate customers in future phases.
Instapay, a licensed e-money issuer, provides digital financial services tailored to unbanked workers, including prepaid Mastercard cards and salary crediting features.
Rajnish Kumar
“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.
Our goal has always been to leverage technology to make transactions more efficient and reduce the cost per transaction.”
said Rajnish Kumar, Co-founder, and CEO of Instapay Technologies.
Beena Pothen
“What is especially important for the millions of migrant workers in Malaysia who are supporting their families back home is that the money transfer is fast, secure and transparent.
Mastercard Move leverages Mastercard’s trusted card and non-card networks and innovative, proprietary cybersecurity solutions so Instapay users can enjoy greater transparency and choice, as well as increased security and fraud protection – empowering Malaysia’s migrant workforce with the tools and solutions they need to live, work and transact with confidence, control and flexibility.”
said Beena Pothen, Country Manager, Malaysia & Brunei, Mastercard.
