# Instapay Technologies Sdn Bhd

> Instapay Technologies is a Kuala Lumpur-based fintech that gives migrant and foreign workers in Malaysia a regulated digital salary account. Through a mobile e-wallet paired with a prepaid Mastercard, workers receive their pay, send money home to 30+ countries, pay bills, top up mobile plans, shop and withdraw cash at ATMs. Licensed by Bank Negara Malaysia as an e-money issuer and money services business, Instapay also runs payroll disbursement for hundreds of corporate employers, bringing an underbanked workforce into the formal digital economy.

- **Founded:** 2017
- **Headquarters:** Kuala Lumpur, Malaysia
- **Founders:** Rajnish Kumar (Co-Founder and CEO), Sujata Dutta (Co-Founder)
- **Team size:** ~37 employees
- **Products:** Instapay Digital Salary Account & E-Wallet, Instapay Prepaid Mastercard, Cross-Border Remittance, Payroll Disbursement for Employers, DuitNow Transfers & QR Payments
- **Notable:** Named among 2025's Top 100 Global Fintech Startups, Awarded Malaysia Digital (MD) Status, Licensed by Bank Negara Malaysia as an e-money issuer and Money Services Business

## Products & services

- **Instapay Digital Salary Account & E-Wallet** — A mobile e-wallet where foreign workers receive salary, make payments, and manage money, backed by e-money issuer licensing from Bank Negara Malaysia.
- **Instapay Prepaid Mastercard** — A prepaid card accepted at millions of Mastercard merchants worldwide, usable for shopping, online purchases, and ATM cash withdrawals.
- **Cross-Border Remittance** — Real-time international money transfer from Malaysia to 30+ countries including India, Bangladesh, Nepal, Pakistan, Indonesia, Philippines, Thailand and Myanmar.
- **Payroll Disbursement for Employers** — B2B salary crediting that lets corporates pay migrant workforces directly into Instapay accounts, replacing cash payroll.
- **DuitNow Transfers & QR Payments** — Instant local transfers and QR-code cashless payments integrated with Malaysia's national payments network.
- **Everyday Services** — Mobile top-ups, utility bill payments, bus ticketing, and gaming top-ups inside the app.
- **Glyd Corporate Expense Management Platform** — A B2B expense-management and B2B remittance product expanding Instapay's offering to businesses.

## Achievements

- Named among 2025's Top 100 Global Fintech Startups
- Awarded Malaysia Digital (MD) Status
- Licensed by Bank Negara Malaysia as an e-money issuer and Money Services Business
- Raised $7.75M total across two funding rounds
- Reported profitable and cash-flow positive operations
- Serves hundreds of corporate payroll clients for migrant workforces

## Latest updates

- **2025-06** — Closed a $3M Series A2 round led by US family offices and ACA Investments; announced move into B2B remittance via the Glyd platform.
- **2025** — Named among the Top 100 Global Fintech Startups of 2025.
- **2025** — Expanded services toward Indonesia and Japan corridors and rolled out DuitNow integration.

## Links

- Website: https://instapaytech.com
- LinkedIn: http://www.linkedin.com/company/instapaytechnologies
- Twitter/X: https://twitter.com/InstapayT
- Instagram: https://instagram.com/instapaytech
- Facebook: https://facebook.com/InstapayMalaysia/
- TikTok: https://tiktok.com/@instapaytech

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Profile page: https://yespress.io/instapay-technologies-sdn-bhd
Published by YesPress — https://yespress.io
Last updated: 2026-07-27