EMQ launches high value cross-border settlements in Japan

By Edil Corneille

Hong Kong-based EMQ, a global financial settlement network, has launched its high transaction value cross-border settlements in Japan, which enables global businesses to send a maximum of JPY30 million directly into local banks. The enhancement further expands the company’s global payment capabilities into Japan, thereby empowering global businesses to capture new opportunities across the markets.

“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,” said Max Liu, co-founder and CEO of EMQ. “Our expanded capabilities across Japan complement our efforts in providing the most reliable, flexible and cost-efficient cross-border solutions for our customers as we continue to optimize our global network with the most comprehensive service levels.”

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

“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 added.

EMQ’s network spans over 80 key global markets throughout the Asia Pacific, Africa, Europe, and North America. 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 is registered as a Money Service Business in Canada. EMQ was also accepted into Taiwan’s Regulatory Sandbox by the Financial Supervisory Commission in Taiwan.