KUALA LUMPUR: Instapay Technologies has partnered with Mastercard to enhance cross-border payment solutions for over three million migrant workers in Malaysia, leveraging Mastercard Move to deliver near real-time remittance services to more than 180 countries in over 150 currencies.
This strategic collaboration aligns with ongoing efforts to improve financial inclusion and equitable access for Malaysia’s large migrant workforce, which includes individuals from Indonesia, Nepal, Bangladesh, India, the Philippines, and Pakistan. With the launch of Mastercard Move, users will benefit from secure and efficient transfers to bank accounts, digital wallets, and cash pickup points, alongside transparent tracking of fees and delivery times.
Instapay will roll out these capabilities to individual users in Q2 2025, with plans to extend services to corporate clients in the future.
“This collaboration enables us to leverage Mastercard’s global payment infrastructure and cross-border capabilities to deliver an enhanced, more cost-effective remittance experience,” said Rajnish Kumar, Co-founder and CEO of Instapay Technologies.
“Our focus is on using technology to reduce transaction costs and provide accessible solutions for underserved communities,” he added.
Mastercard Move, a comprehensive money movement portfolio, offers a fast and secure channel for cross-border transactions through both card and non-card networks. It integrates advanced cybersecurity and fraud protection, providing greater transparency and confidence to users — particularly those relying on these services to support families in their home countries.
“Migrant workers play a vital role in supporting economies and families across borders. With Mastercard Move, we are equipping them with fast, transparent, and secure tools to manage their finances efficiently,” said Beena Pothen, Country Manager for Malaysia & Brunei at Mastercard.
Instapay’s digital financial platform is designed to address the needs of unbanked workers, offering products such as prepaid Mastercard cards, remittance services, and salary crediting accounts. As a licensed e-money issuer, the company is driving ESG-aligned outcomes by fostering financial inclusion, economic resilience, and digital empowerment for underserved populations.
Through this partnership, Instapay and Mastercard reaffirm their commitment to building an inclusive financial ecosystem that meets the evolving needs of migrant communities and supports broader socio-economic development across Southeast Asia.
