EMQ boosts international payments with launch of global USD offering
By Leandra Monteiro
Global payments network EMQ announced a major expansion of its international payment capabilities to over 170 markets with the launch of Global USD Wires. This enables enterprises, financial institutions, payments businesses and marketplaces to effectively disburse USD payments globally, accelerate the time-to-market and build a wider customer base to drive new revenue streams.
“Our new Global USD Wires service will help our customers expand their offerings faster, drive down cost barriers and scale efficiently across multiple markets, and we look forward to supporting their growth,” said Steven Liu, Global Head of Networks and Expansion, EMQ.
EMQ’s Global USD Wires service is now available to our new and existing customers. With one single EMQ Connect API integration, businesses will be able to use Global USD Wires for a wider range of use cases to capture more revenue and expand their reach globally across over 170 markets, with more currencies and enhancements underway in the coming quarters.
“With high demand from our customers, we have been working hard to deliver this exciting offering, which also marks a major milestone for our payments capabilities. We will continue to invest in new products and expand the breadth of currencies to support more of the payments value chain, while providing an even more seamless, reliable, and cost-efficient experience for businesses across all verticals,” Liu added.
The latest development is part of EMQ’s ongoing initiatives to bolster its network infrastructure and multi-currency footprint across Europe, Hong Kong, China, Thailand, Singapore, South Korea, India, Indonesia, Cambodia, Vietnam, Nepal, Philippines, the United Kingdom, and 19 markets in Africa. The company is currently licensed in Hong Kong, Singapore, Indonesia and registered as a Money Service Business in Canada.
IBSi Daily News Analysis
February 23, 2024
Cross Border Payments
Regulated firms battle surge in financial crime attempts, research revealsRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage