EMQ Bolsters Real-Time Cross-border Payments across Southeast Asia with Expansion to Thailand
July 21 2021 - 9:00PM
Business Wire
Empowers enterprise
customers with fast, transparent, and efficient international
payments to any bank in Thailand via PromptPay
Global financial settlement network EMQ today announced that it
has significantly augmented its real-time cross-border payments
across Southeast Asia by adding Thailand’s PromptPay to the
network. This major enhancement further expands our global payment
capabilities into Thailand, providing global enterprises with the
most comprehensive financial solutions to capture new opportunities
across the markets.
“Southeast Asia is one of the fastest-growing business
ecosystems in the world as the region continues to foster digital
transformation in the financial services industry. Enterprises will
require new levels of support and access to a high-performing
network infrastructure like EMQ that drives innovation, customer
experience and instant cross-border payments,” said Max Liu,
co-founder and CEO of EMQ. “Our constantly expanding network, which
now includes PromptPay in Thailand, complements our efforts to
offer differentiated value propositions with greater speed, agility
and flexibility in both consumer and business payments that meet
our customers’ evolving business models.”
Already live in Thailand, the expanded payments capabilities
allows EMQ’s global customers to access its full suite of
cross-border capabilities, combining competitive pricing, wholesale
FX management and real-time compliance screening through one single
integration with EMQ Connect API. Our API-powered solutions can
effectively settle any cross-border transactions and support a
multitude of front-end use cases. This enables enterprises to focus
on delivering enhanced customer propositions to grow their business
without the need to manage complex network infrastructure.
“Our continued expansion across Southeast Asia is an important
milestone in our wider growth strategy as it demonstrates our
ongoing commitment to deliver an integrated global payments
platform with added emphasis on speed, security, transparency and
compliance, to customers across the globe,” added Liu.
EMQ continues to expand its network infrastructure globally, and
enhance its product portfolio with near real-time payments
capabilities across Hong Kong, China, Thailand, Singapore, South
Korea, India, Indonesia, Cambodia, Vietnam, Nepal, Philippines, the
United Kingdom, and 19 markets in Africa, with more markets
underway. The company is currently licensed in Hong Kong,
Singapore, Indonesia and registered as a Money Service Business in
Canada. EMQ was also accepted into Taiwan’s Regulatory Sandbox by
the Financial Supervisory Commission in Taiwan.
About EMQ
EMQ operates a global financial settlement network that provides
a faster, more affordable and transparent cross-border settlement
solution for businesses around the world, while adhering to complex
regulations and compliance standards in different markets. The
company’s flexible network infrastructure has been built to
effectively settle any cross-border movement of capital and can be
deployed across multiple vertical industries for a broad range of
services, including e-commerce, merchant settlement, procurement,
remittance, payroll, etc. www.emq.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210721005788/en/
Media: Genevieve Li +852 9200 3892 genevieve@emq.com