Instapay, an e-wallet plus pre-paid Mastercard, is specially designed to enhance payroll management of businesses that employ unbanked blue-collar workers. It serves to streamline payroll processing within organisations while promoting financial inclusion of their under-banked/unbanked employees.

The platform is currently available in Malaysia, a country that is a major destination for migrant workers from other south Asian countries. The migrants are usually employed in low-skilled work and face challenges of financial inclusion, among others.

Instapay’s vision is to build the capacities of employer organisations to manage their payroll in a financially inclusive and regulation compliant manner. It also aims to facilitate the entry of the migrant workers into the formal digital economy by securing their earnings and allowing them to make purchases and remit funds online.