VBCE and EMQ partner to expand global payment capabilities

By Pavithra R

Vancouver Bullion & Currency Exchange (VBCE), a leading private foreign exchange company in Western Canada, has announced partnering with global financial settlement network EMQ to provide near real-time cross-border payments and a wider international reach for businesses and consumers in Canada.

VBCE, by integrating with EMQ’s extensive global network, is offering customers instant access to secure, cost-effective and fast cross-border solutions across Asia and Europe, with plans to offer in more markets in the upcoming months.

Now businesses and consumers in Canada can leverage EMQ’s cross-border settlement network and VBCE’s diverse financial service capabilities to seamlessly send money to their recipients and experience a wide range of pay-out options across Europe and major markets in Asia, including Japan, China, and India.

“With the increasing trend of an always-on digital economy, our customers are looking for services that empower them to transfer money near real-time from anywhere, flexibly and efficiently. The speed and reach of EMQ’s global network allows us to pilot new services in one market and scale them rapidly across others to meet the evolving customer needs. This is especially important for our business with a diverse product portfolio. We look forward to further expanding our partnership with EMQ as we continue to innovate and deliver comprehensive financial services in Canada and beyond,” said Kevin Ma, Vice President, Business Development, VBCE.

With EMQ’s Connect API integration, VBCE can access EMQ’s full suite of cross-border capabilities, combining competitive pricing, wholesale FX management and real-time AML screening. The integration enables VBCE to focus on delivering enhanced customer propositions to grow their business without requiring to manage complex network infrastructure.

“Digital transformation is driving rapid change in customer expectations across the payments ecosystem, which requires a more flexible and high-performance network infrastructure like EMQ to deliver speed, certainty and a consistent international payments experience. With customers at the heart of our business, we are constantly optimizing our network with real-time service levels to address their needs in this fast-changing landscape. We are delighted to partner with VBCE to expand its digital and customer capabilities across our global network,” said Max Liu, co-founder and CEO of EMQ.