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October 7, 2020updated 12 Oct 2020 10:04am

EMQ Launches high value cross-border settlements in Japan

By Mohamed Dabo

EMQ, a global financial settlement network, has announced the launch of its high transaction value cross-border settlements in Japan, which will enable global businesses to send a maximum of JPY30m directly into local banks.

This major enhancement further expands our global payment capabilities into Japan, empowering global businesses to capture new opportunities across the markets.

EMQ sees “encouraging signs of recovery” in the region

Max Liu, co-founder and CEO of EMQ, said:

“Japan, the third-largest economy in the world, is an important market in our global growth strategy as we continue to see encouraging signs of recovery across the region amidst the new normal.

“For global businesses, they will require a network partner like EMQ with international capabilities and local expertise to ensure prompt payments in local currencies in order to scale across multiple markets.”

Already live in Japan, the expanded payments capabilities further allow EMQ to streamline and process international payments for businesses anywhere in the world through one single integration with EMQ Connect API.

EMQ’s network spans over 80 key global markets

The company’s API-powered solutions can effectively settle any cross-border transactions and support a multitude of front-end use cases, while enabling global businesses to streamline their workflows for a seamless user experience.

“As a trusted network provider for the global communities, we are continuously expanding and enhancing our global payout capabilities, while relentlessly pursuing operational excellence to best support our customers,” Liu said.

With a network footprint touching billions of people, EMQ’s network spans over 80 key global markets throughout Asia Pacific, Africa, Europe, and North America.

In-minutes cross-border payments around the world

EMQ currently offers in minutes cross-border payments across China, Singapore, India, Indonesia, Cambodia, Vietnam, Nepal, Philippines, the United Kingdom, and 19 markets in Africa, with more markets underway for real-time capabilities by the end of 2020.

The company is currently licensed in Hong Kong, Singapore, Indonesia and registered as a Money Service Business in Canada. EMQ has also been accepted into Taiwan’s Regulatory Sandbox by the Financial Supervisory Commission in Taiwan.

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