EMQ delivers enhanced cross-border payment capabilities in Hong Kong

Tuesday 30 March 2021 12:35 CET | News

Global financial settlement network EMQ has announced enhancements to its cross-border payment capabilities by adding Hong Kong’s Faster Payment System (FPS) to the network.

According ro the press release, this extends EMQ’s network infrastructure deeper into domestic markets, enabling global customers to cost-effectively send funds in both Hong Kong Dollar (HKD) and Renminbi (RMB) in minutes, reaching a wider set of beneficiary accounts across all banks in Hong Kong. Already live in Hong Kong, the expanded payments capabilities allows EMQ to streamline and process international payments for businesses anywhere in the world through one single integration with EMQ Connect API.

Furthermore, the API-powered solutions can effectively settle any cross-border transactions and support a multitude of front-end use cases, while enabling global businesses to automate their workflows and optimise operational efficiency. With a network footprint touching billions of people, EMQ’s network spans over 80 markets throughout Asia Pacific, Africa, Europe and North America.  

With the addition of Hong Kong, EMQ now offers in minutes cross-border payments across China, Singapore, South Korea, India, Indonesia, Cambodia, Vietnam, Nepal, Philippines, the United Kingdom, and 19 markets in Africa, with more markets underway in the near future.  

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.

More: Link

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: expansion, cross-border payments, online payments
Categories: Payments & Commerce
Countries: Hong Kong
This article is part of category

Payments & Commerce

Industry Events