EMQ, a global financial settlement network, announced today that it has significantly augmented its cross-border payment capabilities to address the inefficiencies in international payments for businesses in Singapore.
The company recently renewed its Major Payment Institution license by the Monetary Authority of Singapore (MAS), empowering businesses to send and receive money between Singapore and over 80 key markets worldwide.
“Singapore is an economic powerhouse and a major gateway for cross-border trades across Southeast Asia, where SMEs and payment service providers (PSPs) will require a network infrastructure with greater speed, more certainty, increased flexibility and transparency, to capitalize on the growth opportunities in Asia and beyond,” said Max Liu, co-founder and CEO of EMQ.“With our newly renewed license by MAS and an integrated cross-border solution, we are well poised to offer Singapore’s diverse customer base secure, seamless global access to the rapidly growing payment ecosystem.”
Powered by EMQ’s global financial settlement network, start-ups, PSPs and SMEs in Singapore are able to make and receive payments quickly and transparently toand from over 80 key global markets, as well as instant access to Singapore’s Fast and Secure Transfers (FAST) network. EMQ’s Connect API uses a scalable technology to enable efficient cross-border transactions with greater transparency and certainty. Our API driven platform with built-in redundancies is designed to meet the needs of businesses with high transaction volumes, enabling them to customize their workflows for a seamless user experience.
“With a keen focus on providing more reliable and streamlined B2B and B2C crossborder transactions, we continue to invest significantly towards constant innovation of our cross-border solutions and compliance capabilities for today’s businesses,” Liu added.
With a network infrastructure spanning globally across four continents, EMQ is currently licensed in Hong Kong, Singapore, Indonesia and registered as a MoneyService Business in Canada. The company was accepted into Taiwan’s Regulatory Sandbox by the Financial Supervisory Commission in Taiwan.
International Women's Day 2021 To celebrate International Women's Day 2021, Barclays would like to invite you to join a series of panel discussions to be held virtually on: Monday, 8 March - 8:30am - 9:30 am EST / 1:30pm - 2:30pm GMT Thursday, 11 March - 4:00pm -...
Meniga and Iceland’s largest bank launch ‘Carbon Insight’ solution to help banking customers fight climate change
Meniga, the global leader in personal finance banking solutions, today announced that it has partnered with Íslandsbanki, one of Iceland’s largest banks, to launch its new innovative green banking solution, ‘Carbon Insight’, enabling Íslandsbanki’s mobile banking app...
Singapore FinTech Festival 2019 summary of activities from the Fintech Power 50: Singapore FinTech Festival 2019 has proved another resounding success. Inaugural SFF x SWITCH sees over 60,000 participants from 140 countries; event to return on 9-13 November 2020....