Instarem Launches ‘amaze’, APAC’s First Smart Card That Lets Users Pair Up To Five Bank Cards

Meet amaze_Instarem x Mastercard

The brilliance behind amaze is the innovation that allows a single smart card to serve as a one-stop payments solution. Users can look forward to lighter wallets and heavier rewards as they pair up to five bank cards to their amaze card. They will be able to enjoy an additional 1% cashback on purchases, stacked on top of their bank rewards*. With no top ups required, customers can also save on FX payments and manage their spends with just one card. ‘amaze’ is backed by Mastercard.

Instarem, fintech unicorn NIUM’s digital cross-border payments arm, today announced the launch of its amaze card. The card is available for users in Singapore, with plans to make it available regionwide in the near future. Users can place a request for the amaze card through the Instarem app, free of charge.

‘amaze’ is more than just another card – it’s a smart card that serves as a one-stop payments solution, helping customers take control of and making the most out of their payments. Instead of adding yet another card to overcrowded wallets, amaze simplifies by allowing customers to keep, pair and maximise the use of their legacy bank cards. ‘amaze’ works as both a virtual and a physical debit card and because it’s linked to existing bank cards, customers can skip having to regularly top up a digital wallet.

Ho Chee Wai, Country Head, Singapore & Vice President of Neobank and Cards Strategy at Instarem, said, “’amaze’ is a game-changer. The way customers pay since the onset of COVID-19 has become undoubtedly more digital, with the pandemic accelerating the adoption of online and contactless payments. Having a physical wallet full of credit/debit cards, or even a whole folder of payment apps on your smartphone is slowly becoming outdated. At Instarem, we believe in making money simple and amaze does exactly that and more, with additional cashback, great FX rates for foreign currency purchases and no hassle of topping up e-wallets.”

‘amaze’ allows consumers to use the credit limit of their linked cards seamlessly. This means, no need for top ups as well as a higher transaction capacity than other multi-currency cards in the market. This is especially useful for online shoppers, freelancers or entrepreneurs looking for convenient and cost- effective ways of making payments online. Moreover, customers enjoy even more benefits with Mastercard’s World Debit card tier unique privileges, including zero liability protection and e- Commerce Protection.

Deborah Heng, Country Manager, Singapore, Mastercard, said, “Consumer choice is at the heart of Mastercard’s strategy – delivering the flexibility in how they want to spend their money. This is reinforced by people’s desire for choice as revealed by Mastercard New Payments Index where 85% of consumers in Asia Pacific expect to make purchases when they want and how they want. Mastercard is thrilled to partner Instarem to transform the future of digital payments and be part of their vision to empower consumers to take control of their everyday payments while providing them a safe, secure and seamless payment experience.”

The launch of amaze in Singapore comes off the back of Instarem’s recent rebranding announcement earlier this year. The company seeks to go beyond simply enhancing consumer remittance globally, moving towards being the change-driver by solving complexities around global payments – empowering customers to do more with their money in an intuitive, transparent, and cost-effective way. Instarem’s vision is to become an all-in-one consumer app that makes money simple for customers around the world.

Customers can register for the amaze card by downloading the Instarem app on the Google PlayStore (for Android users) or on the App Store (for iOS users). They can use their virtual cards with immediate effect, while waiting to receive their physical cards. ‘amaze’ supports Mastercard PayPass contactless payments and can be used at all Mastercard acceptance points, including those for payment on public buses and trains.

Instarem currently operates in six continents and over 100+ markets, serving more than 130+ million end customers. More than $6 billion in transaction volumes are processed annually, and 60% of payments are made in less than 15 minutes. For more information, please visit http://www.instarem.com/.

 

*Subject to the bank’s terms and conditions.

Shopping Cart

Media Kit

    Data Protection

    Personal Data (“Data”) submitted for Media Kit (“Media Kit”), and/or collected in the form of first name, last name, email address and other contact details may be used for the purposes of inviting you to future events and for reaching out to you with content which may be of interest to you. For these purposes, The Digital Banker will share the Data with our associate companies (including event and content sponsors) to promote their products and services. You will also be automatically subscribed as a user on www.thedigitalbanker.com. If you would like to opt-out, email us at [email protected].

    By clicking Submit, you acknowledge that you consent/ have sufficient informed consent to the collection, use and disclosure of Data as set out above.

    The Digital Banker Summit

    Moving on from FTX: is 2023 the year of CBDCs?

    Indonesia, Jakarta

    Thailand, Bangkok

    Philippines, Manila

    Contact Us

      Data Protection

      The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

      Request Nomination Pack

        Data Protection

        The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

        Registration Form

          Data Protection

          The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

          Registration Form

            Data Protection

            The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

            Registration Form

              Data Protection

              The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

              Registration Form

                Data Protection

                The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

                Registration Form

                  Data Protection

                  The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

                  The world’s preeminent Private Banks and Wealth Managers are demonstrating a committed drive in innovation, advisory, new products and services to meet the sophisticated needs of their clients.

                  COVID-19
                  Amid economic activity revival on the back of the Covid-19 vaccine program, organisations moving from business continuity plans to stable working environments, together with the slightest improvement in unemployment numbers, forced the world to adjust to new realities. Coming to terms with the “new normal”, global investors are now on the look-out for attractive and stable investment opportunities.

                  Needs of Private Wealth customers and families worldwide have drastically changed due to the pandemic and banks have had to accelerate efforts to deploy a multi-channel service strategy and safeguard clients’ businesses and wealth against negative impacts of economic uncertainly.

                  The Global Private Banking Innovation Awards will recognise the world’s best private banks, wealth managers and asset managers that are championing innovation across advisory, service, products, customer experience and more.

                  Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. 

                  Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

                  Request Nomination Pack

                  Error: Contact form not found.