EMQ Boosts Real-Time Cross-Border Payments Across Southeast Asia With Expansion In Thailand
Provides fast, transparent and efficient international payments to business customers to any bank in Thailand through PromptPay
HONG KONG & BANGKOK, July 22, 2021– (BUSINESS WIRE) – Global financial settlement network EMQ announced today that it has significantly increased its real-time cross-border payments across Southeast Asia by adding Thailand’s PromptPay to the network. This major improvement further expands our global payment capabilities in Thailand, providing global businesses with the most comprehensive financial solutions to seize new market opportunities.
“Southeast Asia is one of the fastest growing business ecosystems in the world as the region continues to drive digital transformation in the financial services sector. Businesses will need 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 ever-expanding network, which now includes PromptPay in Thailand, complements our efforts to deliver differentiated value propositions with increased speed, agility and flexibility in consumer and business payments that meet our evolving business models. clients. “
Already living in Thailand, the extensive payment capabilities allow EMQ’s global customers to access its full range of cross-border capabilities, combining competitive pricing, wholesale currency management and real-time compliance control through a only integration with the EMQ Connect API. Our API-based solutions can efficiently settle all cross-border transactions and support a multitude of front-end use cases. This allows businesses to focus on delivering improved customer propositions to grow their business without having to manage complex network infrastructure.
“Our continued expansion into Southeast Asia is an important step in our broader growth strategy, as it demonstrates our continued commitment to provide an integrated global payments platform with greater emphasis on speed, security, transparency and compliance, to customers around the world, ”Liu added. .
EMQ continues to expand its network infrastructure globally and enhance its product portfolio with near real-time payment capabilities in Hong Kong, China, Thailand, Singapore, South Korea, India , Indonesia, Cambodia, Vietnam, Nepal, Philippines, UK, and 19 markets in Africa, with more markets underway. The company is currently licensed in Hong Kong, Singapore, Indonesia and registered as a money services business in Canada. EMQ has also been accepted into the Taiwan regulatory sandbox by the Taiwan Financial Supervisory Commission.
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 meeting complex regulations and compliance standards in different markets. The company’s flexible network infrastructure has been designed to efficiently regulate any cross-border movement of capital and can be deployed across multiple verticals for a wide range of services including e-commerce, merchant settlement, purchasing, shipping funds, payroll, etc. www .emq.com.
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