HONG KONG & SINGAPORE, April 15 (Bernama-BUSINESS WIRE) — EMQ, a global financial settlement network, announced today that it has significantly augmented its cross-border payment capabilities to address the inefficiencies in international payments for businesses in Singapore. The company recently renewed its Major Payment Institution license by the Monetary Authority of Singapore (MAS), empowering businesses to send and receive money between Singapore and over 80 key markets worldwide.
“Singapore is an economic powerhouse and a major gateway for cross-border trades across Southeast Asia, where SMEs and payment service providers (PSPs) will require a network infrastructure with greater speed, more certainty, increased flexibility and transparency, to capitalize on the growth opportunities in Asia and beyond,” said Max Liu, co-founder and CEO of EMQ. “With our newly renewed license by MAS and an integrated cross-border solution, we are well poised to offer Singapore’s diverse customer base secure, seamless global access to the rapidly growing payment ecosystem.”