EMQ launches Global USD Wires to boost international payments

KUALA LUMPUR, Aug 17 (Bernama) -- Global payments network EMQ is expanding its international payment capabilities to over 170 markets with the launch of Global USD Wires, enabling enterprises, financial institutions, payment businesses and marketplaces to disburse US dollar 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 customers expand their offerings faster, drive down cost barriers and scale efficiently across multiple markets, and we look forward to supporting their growth,” said EMQ Global head of networks and expansion Steven Liu.

“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.

According to a statement, EMQ’s Global USD Wires service is now available.

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.

-- BERNAMA