Instarem
International money transfer service from Nium, with rewards points on each transfer.
Updated · AppBreakup editorial · Web, iOS, Android
Is Instarem free?
No, it's a paid product
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About Instarem
Instarem is an online money transfer service run by the payments company Nium. It began in Singapore in 2014 and is now used to send money from the US, Europe, Australia and Asia to more than 60 countries, mostly straight to the recipient's bank account. You set up a transfer on the website or app, see the fee and exchange rate upfront, and track it in real time; many transfers arrive the same day, others in one or two business days. Each transfer earns InstaPoints that can be redeemed against later fees, and new users usually get an introductory rate or fee offer. It is popular with Indian and Southeast Asian expats sending money home, and with students paying tuition abroad. There is no subscription: you pay per transfer, with fees and rates that depend on amount, method and destination. A business version handles supplier and payroll payments in more countries.
Best for: Expats in the US, Europe or Asia sending money home to bank accounts, especially to India.
Pros and cons
What works
- InstaPoints rewards lower the cost of future transfers
- Fees and rate shown upfront with real-time tracking
- Backed by Nium and licensed in 11 countries
Why people leave
- Around 60 destination countries, far fewer than Remitly or Western Union
- Mostly bank deposits, with little cash-pickup coverage
- Supporting documents may be requested for some transfer purposes
Instarem vs Remitly, Xoom and Xe
From each app's listing and the prices verified on its own site. A dash means we haven't verified it yet.
Top Instarem alternatives
See all 5- 1
Remitly64.8Covers far more countries and adds cash pickup and mobile money payouts.
- 2
Xoom61.8PayPal-owned option for US senders, with fast bank deposits to India and elsewhere.
- 3
Xe59.4Good for larger transfers between major currencies, with rate alerts.
- 4
Paysend57.5Reaches 170+ countries and can pay out to cards and e-wallets as well as banks.
- 5
Wise56.8Mid-market rate with a clear fee and a multi-currency account for spending abroad.
Why people left Instarem
In reviewers' own words, from reviews of the apps they moved to. These are their opinions, not ours.
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Reviews
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Instarem: common questions
What is Instarem?
Instarem: International money transfer service from Nium, with rewards points on each transfer. Best for expats in the US, Europe or Asia sending money home to bank accounts, especially to India. Available for Web, iOS and Android.
Is Instarem free?
No, Instarem is a paid product.
Is Instarem open source?
No, Instarem is not open source.
What platforms does Instarem run on?
Instarem is available for Web, iOS and Android.
What are the best alternatives to Instarem?
The highest-ranked Instarem alternatives right now are Remitly, Xoom and Xe. See the full ranked list for pricing, platforms and verified facts.
Instarem vs Remitly: what's the difference?
Instarem is a paid product; Remitly is free to use. Both run on Web, iOS and Android.