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December 18, 2019

EMQ bolsters payments business in European markets

EMQ has expanded its presence to Europe, providing businesses with access to UK Faster Payments and 44 Single Euro Payments Area (SEPA) markets.

The move is intended to support the financial settlement network’s business growth.

Businesses will get instant access to Europe via the company’s network. They can leverage a single API integration for cross-border payments in the UK and European Union currencies.

EMQ Connect API integration platform offers solutions for businesses with high transaction volumes. The platform is said to optimise the complexity of cross-border transactions.

In addition, the platform delivers better security and regulatory compliance for businesses, avoiding the management of complex network infrastructure, noted EMQ.

EMQ co-founder and CEO Max Liu said: “As businesses increasingly look beyond their borders for growth opportunities, they would require a flexible network infrastructure that removes the friction of cross-border payments and enables them to send money anywhere in the world and to any end point under one single platform.

“Our new European gateway will provide our customers around the world with immediate access to this strategically important continent, in addition to EMQ’s constantly expanding footprint with more global market touch points in the near-term.”

The company plans to bolster its footprint in Europe over the coming months. It will also invest in global network infrastructure.

Currently, EMQ settlement network operates in Hong Kong, Indonesia, Philippines, Taiwan, China, India, Japan, Vietnam, Thailand, Cambodia, Singapore and Europe.

The company is working to expand the network across select Middle East, Africa and Americas markets.

In May this year, EMQ agreed to integrate its network with Shanghai Commercial Bank’s payment platform.

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