Enterprises, FIs, payments businesses and marketplaces can more efficiently disburse USD payments and benefit from rapid global expansion to drive growth

Global payments network EMQ today announced a major expansion of its international payment capabilities to over 170 markets with the launch of Global USD Wires. This enables enterprises, financial institutions, payments businesses and marketplaces to effectively disburse USD payments globally, accelerate the time-to-market and build a wider customer base to drive new revenue streams.

“Our new Global USD Wires service will help our customers expand their offerings faster, drive down cost barriers and scale efficiently across multiple markets, and we look forward to supporting their growth,” said Steven Liu, Global Head of Networks and Expansion, EMQ.

EMQ’s Global USD Wires service is now available to our new and existing customers. With one single EMQ Connect API integration, businesses will be able to use Global USD Wires for a wider range of use cases to capture more revenue and expand their reach globally across over 170 markets, with more currencies and enhancements underway in the coming quarters.

“With high demand from our customers, we have been working hard to deliver this exciting offering, which also marks a major milestone for our payments capabilities. We will continue to invest in new products and expand the breadth of currencies to support more of the payments value chain, while providing an even more seamless, reliable, and cost-efficient experience for businesses across all verticals,” Liu added.

The latest development is part of EMQ’s ongoing initiatives to bolster its network infrastructure and multi-currency footprint across Europe, Hong Kong, China, Thailand, Singapore, South Korea, India, Indonesia, Cambodia, Vietnam, Nepal, Philippines, the United Kingdom, and 19 markets in Africa. The company is currently licensed in Hong Kong, Singapore, Indonesia and registered as a Money Service Business in Canada.

About EMQ

EMQ is a global fintech company that enables businesses of every size to efficiently move money and deploy end-to-end financial services from anywhere in the world, leveraging our expansive global network. Through continuous innovation, we deliver flexible payment infrastructure with increased speed, transparency, and certainty – vital requirements in an always-on digital economy. Our API-powered platform makes it easy for businesses across industries to manage any cross-border transactions and embed financial service into your product offerings. www.emq.com.

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• The World Economic Forum announced its selection of the 100 most promising Technology Pioneers of 2022 – companies that tackling issues from sustainability and climate change to healthcare and more.
• This year’s cohort includes representation from 30 economies on six continents with reach far beyond traditional tech hubs like Silicon Valley.
• EMQ, the global payments network that enables real-time, secure, and affordable financial services for everyone worldwide, made it to the selection for its contributions in the field of digital payments innovation.
• The full list of Technology Pioneers can be viewed here

EMQ, the global payments network that enables real-time, secure, and affordable financial services for everyone worldwide, was selected among hundreds of candidates as one of the World Economic Forum’s “Technology Pioneers”. To date, EMQ has facilitated real-time transactions for billions of people throughout Asia Pacific, Africa, Europe, and North America, while advancing digital financial inclusion for more sustainable economic growth.

The World Economic Forum’s Technology Pioneers are early to growth-stage companies from around the world that are involved in the use of new technologies and innovation that are poised to have a significant impact on business and society.

With their selection as Technology Pioneer, co-founder and CEO Max Liu of EMQ will be invited to participate at World Economic Forum activities, events and discussions throughout the year. EMQ will also contribute to Forum initiatives over the next two years, working with global leaders to help address key industry and societal issues.

“We’re excited to welcome EMQ to our 2022 cohort of Technology Pioneers,” says Saemoon Yoon, Community Lead, Technology Pioneers, World Economic Forum. “EMQ and its fellow pioneers are at the forefront of industries that are critical to solving some of our world’s most complex issues today. We look forward to their contribution to the World Economic Forum in its commitment to improving the state of the world.”

“EMQ’s mission is to increase the accessibility and affordability of financial services globally, and we are honored to be recognized as a pioneer by the World Economic Forum,” said Max Liu, co-founder and CEO, EMQ. “While we have witnessed a rapid transformation across the payments ecosystem in recent years, full access to financial services continues to be a global challenge. At EMQ, our strategy remains focused on building payments infrastructure that simplify and lower the cost of making everyday payments, in addition to fostering more inclusive and sustainable economies. We look forward to contributing to the Forum dialogues to address key challenges in the payments industry.”

For the first time, over one-third of selected Technology Pioneer firms are led by women, well above the industry average. The firms also come from regions all around the world, creating a truly global community. This year’s cohort includes start-ups from 30 countries, with Vietnam, Rwanda and Czech Republic represented for the first time.

The diversity of these companies extends to their innovations as well. This year’s Tech Pioneer firms are shaping the future by advancing technologies such as AI, IoT, robotics, blockchain, biotechnology and many more. The full list of Technology Pioneers can be found here.

Technology Pioneers have been selected based on the community’s selection criteria, which includes innovation, impact and leadership as well as the company’s relevance with the World Economic Forum’s Platforms.

All info on the years’s Technology Pioneers can be found here

More information on past winners, information on the community and the application link can be found here.

ABOUT EMQ

EMQ provides a global network that enables banks, payments businesses and marketplaces to efficiently move money to anyone around the world. Through innovation, we continue to deliver flexible payment infrastructure and real-time capabilities to meet the requirements of an always-on economy. Today, our network touches billions of people throughout Asia Pacific, Africa, Europe and North America. At EMQ, we are committed to deliver solutions that make financial services more accessible and inclusive worldwide. www.emq.com.

ABOUT World Economic Forum

The World Economic Forum, committed to improving the state of the world, is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas.www.weforum.org

ABOUT the Technology Pioneers

The World Economic Forum believes that innovation is critical to the future well-being of society and to driving economic growth. Launched in 2000, the Technology Pioneer community is composed of early to growth-stage companies from around the world that are involved in the design, development and deployment of new technologies and innovations, and are poised to have a significant impact on business and society.

The World Economic Forum provides the Technology Pioneers community with a platform to engage with the public- and private-sector leaders and to contribute new solutions to overcome the current crisis and build future resiliency.

Benefits to our customers:

Partnership enables Vattanac Bank to expand and streamline multi-currency payouts from Cambodia to key economic corridors across EMQ’s global network

Vattanac Bank, a leading Bank in Cambodia today announced a partnership with global payments network EMQ,  to facilitate real-time cross-border payments across Asia, with more markets in the pipeline. By integrating with EMQ’s API-enabled payments platform, Vattanac Bank can further expand to new geographies and provide their customers with multi-currency payout to mobile wallets, bank accounts or cash pickup in the region.

“Our customers are at the core of our business and we are always looking for ways to improve our services that enable them to seamlessly transfer funds with prompt payout in local currencies to meet their needs,” said Chan Kok Choy, CEO, Vattanac Bank. “The speed and scale of EMQ’s global network allows us to deliver a more convenient, cost-effective and secure payment experience for our customers. We are excited to partner with EMQ to expand our services in more markets beyond Cambodia.”

Powered by EMQ’s real-time payments network and Vattanac Bank’s capabilities, customers in Cambodia will be able to make instant or same-day fund transfers to Singapore, Malaysia, Indonesia, Vietnam, Thailand and the Philippines, while enjoying multiple payout options including mobile wallets, bank accounts, and cash pickup. EMQ’s integrated payments platform enables financial institutions and enterprises to build flexible solutions that support multiple use cases and can reach a variety of payment endpoints from anywhere in the world through a single EMQ Connect API integration.

“Simplifying cross-border payments for our customers has always been a key focus for EMQ as we continue to enhance our real-time payment capabilities that help businesses improve efficiency and optimize their working capital,” said Max Liu, co-founder and CEO of EMQ. “We are committed to helping Vattanac Bank in its ongoing transformation journey as it strives to address evolving customer needs and build the next generation of banking experiences.”

EMQ’s real-time payments capabilities span across Europe (Sepa Zone), Hong Kong, China, Thailand, Singapore, South Korea, India, Indonesia, Cambodia, Vietnam, Nepal, Pakistan, Philippines, the United Kingdom, and 19 markets in Africa, with expansion underway in the United States, Canada and Latin America. The company is currently licensed in Hong Kong, Singapore, Indonesia and registered as a Money Service Business in Canada.

ABOUT Vattanac Bank

Vattanac Bank is a Cambodian owned bank with a mission to conduct business operations with honesty, integrity, efficiency and accountability to its stakeholders. Vattanac Bank ensures sustainable, safe and healthy growth and aims to be regarded as a strong and secure financial institution. The Bank commenced operations on 8 November 2002 and has 30 branches as of March 2022 – 13 in Phnom Penh and 17 in the provinces, offering both retail and commercial banking services. https://www.vattanacbank.com

ABOUT EMQ

EMQ is a global fintech company that enables businesses of every size to efficiently move money and deploy end-to-end financial services from anywhere in the world, leveraging our expansive global network. Through continuous innovation, we deliver flexible payment infrastructure with increased speed, transparency, and certainty – vital requirements in an always-on digital economy. Our API-powered platform makes it easy for businesses across industries to manage any cross-border transactions and embed financial service into your product offerings. www.emq.com.

Benefits to our customers:

Empowers customers with fast, transparent, and efficient international payments to all banks in South Korea

Benefits to our customers:

Strengthening the company’s presence in South Asia and its services to customers 

Global payments network EMQ launches real-time payments to Pakistan in a drive to bolster its payment capabilities across South Asia, with more markets underway.

This extends EMQ’s network infrastructure deeper into the domestic market, providing customers worldwide with real-time payouts to mobile wallets, bank accounts or cash pick-up in Pakistan, while making financial services more affordable, transparent and accessible across the emerging economic corridors. 

“In South Asia, remittances play a vital role in contributing to the region’s economic growth and yet the cost of sending money remains high,” said Steven Liu, Global Head of Networks and Expansion, EMQ. “As we continue to enhance our real-time payments capabilities across the emerging markets including Pakistan, India and Nepal, we bridge the gap in providing increased access to secure, convenient and affordable financial services to our senders worldwide.”

Powered by EMQ’s real-time payments network, our new service offering to Pakistan is now available across all EMQ global markets. With one single EMQ Connect API integration, customers can seamlessly transfer money with real-time payouts to mobile wallets, bank accounts and cash pick-up to support families and communities in Pakistan. 

Liu added: “Customers are at the center of our strategy and we are pleased to deliver real-time payments to Pakistan, while contributing to the inclusive growth and sustainability in South Asia.”

The latest development comes on the heels of a series of expansion initiatives to bolster EMQ’s network infrastructure and product portfolio. With the addition of Pakistan, EMQ’s real-time payments capabilities span across Europe (Sepa Zone), Hong Kong, China, Thailand, Singapore, South Korea, India, Indonesia, Cambodia, Vietnam, Nepal, Philippines, the United Kingdom, and 19 markets in Africa, with expansion underway in the United States, Canada and Latin America. The company is currently licensed in Hong Kong, Singapore, Indonesia and registered as a Money Service Business in Canada.

ABOUT EMQ

EMQ is a global fintech company that enables businesses of every size to efficiently move money and deploy end-to-end financial services from anywhere in the world, leveraging our expansive global network. Through continuous innovation, we deliver flexible payment infrastructure with increased speed, transparency, and certainty – vital requirements in an always-on digital economy. Our API-powered platform makes it easy for businesses across industries to manage any cross-border transactions and embed financial service into your product offerings. www.emq.com.

Enterprise customers can directly transfer a maximum of JPY30 million to all local banks in Japan

Benefits to our customers:

Enables our customers with fast, transparent and seamless  international payments to bank accounts in Nepal and India

Global payments network EMQ today announced that it has significantly augmented its real-time cross-border payments across South Asia, including direct access to Nepal and India’s Immediate Payment Service (IMPS), with Unified Payments Interface (UPI) and additional markets in the pipeline. These major enhancements provide a more transparent and cost-efficient payments solution for our customers worldwide, while enabling them to capture new opportunities across the emerging markets.

“At EMQ, we actively listen to our customers and these service enhancements reflect our continuous efforts to provide value-added solutions that meet their business needs. In the coming months, we will continue to expand our network with more global market touch points across the fastest growing economic corridors.” said Steven Liu, Global Head of Networks and Expansion, EMQ. “Our enhanced coverage across Nepal and India further complement our efforts to offer differentiated value propositions with greater speed, agility and flexibility in both consumer and business payments that meet the evolving business models.”

Powered by EMQ’s real-time payments network, our enhanced payment capabilities to Nepal and India are now available across all EMQ’s global markets. With a single EMQ Connect API integration, customers can now send a maximum of 500,000 INR (increased from 200,000 INR) directly into local banks in real-time under IMPS and higher amounts via same-day fund transfers to India.

In Nepal, customers will also have direct access to real-time bank transfer of up to 1,000,000 NPR with additional same-day payment options available in the country. These extended service offerings enable enterprises to focus on growing their business without the need to manage complex network infrastructure.

With a network footprint touching billions of people, EMQ continues to expand its product suite with real-time payments capabilities across Europe (Sepa Zone), Hong Kong, China, Thailand, Singapore, South Korea, India, Indonesia, Cambodia, Vietnam, Nepal, Philippines, the United Kingdom, and 19 markets in Africa, with expansion underway in the United States, Canada and Latin America. The company is currently licensed in Hong Kong, Singapore, Indonesia and registered as a Money Service Business in Canada.

ABOUT EMQ

EMQ is a global fintech company that enables businesses of every size to efficiently move money and deploy end-to-end financial services from anywhere in the world, leveraging our expansive global network. Through continuous innovation, we deliver flexible payment infrastructure with increased speed, transparency, and certainty – vital requirements in an always-on digital economy. Our API-powered platform makes it easy for businesses across industries to manage any cross-border transactions and embed financial service into your product offerings. www.emq.com.

Enterprise customers can now settle transactions directly in RMB and USD, further streamlines cross-border payments into China

Global payments network EMQ further strengthens its multi-currency B2B payment offerings for enterprises with options including same-day settlement in RMB and USD across its extensive payout network reaching over 150 banks in China. This enables EMQ’s customers to send payments to their China-based suppliers with increased certainty, efficiency and transparency, while providing direct access into one of the world’s largest trading nations.

“China continues to be a significant growth market for our enterprise customers, and EMQ’s payment network plays an important role in supporting their international trade requirements, ensuring efficient and timely cross-border payments,” said Steven Liu, Global Head of Networks and Expansion, EMQ. “Our enhanced B2B solution will help businesses reach more customers and empower them to make seamless multi-currency payments globally.”

EMQ’s global payments network enables enterprises to build flexible solutions that support multiple use cases and can reach a variety of payment endpoints from anywhere in the world through a single integration. With EMQ Connect API, customers can pay directly in RMB and USD with same-day payment options, thereby improving the speed and cost of international payments across the global marketplace.

“At EMQ, we are always looking for ways to enable enterprises to deliver a more streamlined, cost-effective and certain payment experience for their customers. We are excited to expand our China B2B offerings across our global markets with more currencies and enhancements underway in the coming months,” Liu added.

The latest development comes on the heels of a recent series of expansion initiatives to bolster EMQ’s network infrastructure and product portfolio with real-time payments capabilities across Europe, Hong Kong, China, Thailand, Singapore, South Korea, India, Indonesia, Cambodia, Vietnam, Nepal, Philippines, the United Kingdom, and 19 markets in Africa, with expansion underway in the United States, Canada and Latin America. The company is currently licensed in Hong Kong, Singapore, Indonesia and registered as a Money Service Business in Canada.

ABOUT EMQ

EMQ is a global fintech company that enables businesses of every size to efficiently move money and deploy end-to-end financial services from anywhere in the world, leveraging our expansive global network. Through continuous innovation, we deliver flexible payment infrastructure with increased speed, transparency, and certainty – vital requirements in an always-on digital economy. Our API-powered platform makes it easy for businesses across industries to manage any cross-border transactions and embed financial service into your product offerings. www.emq.com.