back Back

EMQ strengthens multi-currency B2B payment offerings to China

By Leandra Monteiro

February 08, 2022

  • API Banking
  • B2B Payments
  • China
Share

EMQGlobal payments network EMQ further strengthens its multi-currency B2B payment offerings for enterprises with options including same-day settlement in RMB and USD across its extensive payout network reaching over 150 banks in China. This enables EMQ’s customers to send payments to their China-based suppliers with increased certainty, efficiency and transparency, while providing direct access into one of the world’s largest trading nations.

“China continues to be a significant growth market for our enterprise customers, and EMQ’s payment network plays an important role in supporting their international trade requirements, ensuring efficient and timely cross-border payments,” said Steven Liu, Global Head of Networks and Expansion, EMQ. “Our enhanced B2B solution will help businesses reach more customers and empower them to make seamless multi-currency payments globally.”

EMQ’s global payments network enables enterprises to build flexible solutions that support multiple use cases and can reach a variety of payment endpoints from anywhere in the world through a single integration. With EMQ Connect API, customers can pay directly in RMB and USD with same-day payment options, thereby improving the speed and cost of international payments across the global marketplace.

“At EMQ, we are always looking for ways to enable enterprises to deliver a more streamlined, cost-effective and certain payment experience for their customers. We are excited to expand our China B2B offerings across our global markets with more currencies and enhancements underway in the coming months,” Liu added.

The latest development comes on the heels of a recent series of expansion initiatives to bolster EMQ’s network infrastructure and product portfolio with real-time payments capabilities across Europe, Hong Kong, China, Thailand, Singapore, South Korea, India, Indonesia, Cambodia, Vietnam, Nepal, Philippines, the United Kingdom, and 19 markets in Africa, with expansion underway in the United States, Canada and Latin America. The company is currently licensed in Hong Kong, Singapore, Indonesia and registered as a Money Service Business in Canada.

Previous Article

February 08, 2022

Sila offers customers Digital Debt Collection services

Read More
Next Article

February 08, 2022

Ecospend processes record number of payment transactions in January

Read More






IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

FOURSOURCE taps Mangopay to enhance textile marketplace experience

Read More

Today

JCB expands Google Pay acceptance in Japan for Android users

Read More

Today

Streamlining Salaries: 5 flexible Payroll solutions for UK businesses

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q3 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More