Asia pacific financial news

EMQ Bolsters Actual-Time Cross-border Funds throughout Southeast Asia with Enlargement to Thailand

Empowers enterprise prospects with quick, clear, and environment friendly worldwide funds to any financial institution in Thailand through PromptPay

HONG KONG & BANGKOK, July 22, 2021–(BUSINESS WIRE)–International monetary settlement community EMQ at the moment introduced that it has considerably augmented its real-time cross-border funds throughout Southeast Asia by including Thailand’s PromptPay to the community. This main enhancement additional expands our international fee capabilities into Thailand, offering international enterprises with probably the most complete monetary options to seize new alternatives throughout the markets.

“Southeast Asia is likely one of the fastest-growing enterprise ecosystems on the planet because the area continues to foster digital transformation within the monetary companies trade. Enterprises would require new ranges of assist and entry to a high-performing community infrastructure like EMQ that drives innovation, buyer expertise and instantaneous cross-border funds,” stated Max Liu, co-founder and CEO of EMQ. “Our continuously increasing community, which now consists of PromptPay in Thailand, enhances our efforts to supply differentiated worth propositions with better velocity, agility and adaptability in each shopper and enterprise funds that meet our prospects’ evolving enterprise fashions.”

Already stay in Thailand, the expanded funds capabilities permits EMQ’s international prospects to entry its full suite of cross-border capabilities, combining aggressive pricing, wholesale FX administration and real-time compliance screening via one single integration with EMQ Join API. Our API-powered options can successfully settle any cross-border transactions and assist a mess of front-end use instances. This permits enterprises to give attention to delivering enhanced buyer propositions to develop their enterprise with out the necessity to handle advanced community infrastructure.

“Our continued growth throughout Southeast Asia is a crucial milestone in our wider development technique because it demonstrates our ongoing dedication to ship an built-in international funds platform with added emphasis on velocity, safety, transparency and compliance, to prospects throughout the globe,” added Liu.

EMQ continues to develop its community infrastructure globally, and improve its product portfolio with close to real-time funds capabilities throughout Hong Kong, China, Thailand, Singapore, South Korea, India, Indonesia, Cambodia, Vietnam, Nepal, Philippines, the UK, and 19 markets in Africa, with extra markets underway. The corporate is at present licensed in Hong Kong, Singapore, Indonesia and registered as a Cash Service Enterprise in Canada. EMQ was additionally accepted into Taiwan’s Regulatory Sandbox by the Monetary Supervisory Fee in Taiwan.

About EMQ

EMQ operates a worldwide monetary settlement community that gives a sooner, extra inexpensive and clear cross-border settlement resolution for companies all over the world, whereas adhering to advanced rules and compliance requirements in several markets. The corporate’s versatile community infrastructure has been constructed to successfully settle any cross-border motion of capital and may be deployed throughout a number of vertical industries for a broad vary of companies, together with e-commerce, service provider settlement, procurement, remittance, payroll, and so on.

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Genevieve Li
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