HONG KONG & BANGKOK--(BUSINESS WIRE)--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.
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.