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Ripple Partner, InstaRem, Playing Major Role in Saving Australians $102 Million –ACCC

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The Australian Competition and Consumer Commission (ACCC) has just published a report on how much time and money Australia residents would be saving with the use of non-banking International Money Transfers (IMT) services rather than using banks.

With an estimated value of A$21 billion (circa $14.3 billion) funds sent out of Australia to other countries between 2017 and 2018, ACCC predicted that about $102 million could have been saved on cross border transfers with the use of low cost IMT companies like InstaReM, a Ripple partner, which plays major role by offering one of the cheapest services.



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