EMQ launches real-time cross-border payments to Pakistan

KUALA LUMPUR, March 1 -- Global payments network EMQ has launched real-time payments to Pakistan in a drive to bolster its payment capabilities across South Asia, with more markets underway.

This extends EMQ’s network infrastructure deeper into the domestic market, providing customers worldwide with real-time payouts to mobile wallets, bank accounts or cash pick-up in Pakistan, while making financial services more affordable, transparent and accessible across the emerging economic corridors.

“In South Asia, remittances play a vital role in contributing to the region’s economic growth and yet the cost of sending money remains high,” said Global Head of Networks and Expansion, EMQ, Steven Liu, in a statement.

“As we continue to enhance our real-time payments capabilities across the emerging markets including Pakistan, India and Nepal, we bridge the gap in providing increased access to secure, convenient and affordable financial services to our senders worldwide.”

Powered by EMQ’s real-time payments network, its new service offering to Pakistan is now available across all EMQ global markets.

With one single EMQ Connect API integration, customers can seamlessly transfer money with real-time payouts to mobile wallets, bank accounts and cash pick-up to support families and communities in Pakistan.

The latest development comes on the heels of a series of expansion initiatives to bolster EMQ’s network infrastructure and product portfolio.

With the addition of Pakistan, EMQ’s real-time payments capabilities span across Europe (Sepa Zone), Hong Kong, China, Thailand, Singapore, South Korea, India, Indonesia, Cambodia, Vietnam, Nepal, the 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.

More details at www.emq.com.

-- BERNAMA