Hong Kong-based financial technology start-up EMQ has partnered with G-Xchange, the mobile commerce subsidiary of Globe Telecom, to facilitate cross-border mobile remittances into the Philippines.

The deal will allow EMQ users to transfer funds to users of GCash, the mobile wallet operated by G-Xchange.

Recipients can use the funds to pay bills, make online purchases, buy load or cash out at over 7,000 GCash payment outlets across the Philippines.

EMQ co-founder and CEO Max Liu said: “Remittances provide a lifeline for millions of households and drive financial inclusion in the developing countries such as the Philippines, currently the third largest recipient of remittances according to the World Bank.

“Our expansion with GCash complements our existing capabilities in the Philippines, while offering the best possible choices and flexibility for the overseas workers to send money home effortlessly within minutes.”

EMQ currently operates in Hong Kong, Taiwan, Indonesia, Vietnam and the Philippines and plans to expand across North America, Europe and the Middle East in the near future.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.