EMQ PROVIDES REAL-TIME CROSS-BORDER PAYMENTS ACROSS SOUTH ASIA

KUALA LUMPUR, Feb 14 (Bernama) -- Global payments network EMQ announced it has significantly augmented its real-time cross-border payments across South Asia, including direct access to Nepal and India’s Immediate Payment Service (IMPS), with Unified Payments Interface (UPI) and additional markets in the pipeline.

According to a statement, these major enhancements provide a more transparent and cost-efficient payments solution for its customers worldwide, while enabling them to capture new opportunities across the emerging markets.

“At EMQ, we actively listen to our customers and these service enhancements reflect our continuous efforts to provide value-added solutions that meet their business needs,” said Global Head of Networks and Expansion, EMQ, Steven Liu.

“In the coming months, we will continue to expand our network with more global market touch points across the fastest growing economic corridors.”

Powered by EMQ’s real-time payment network, its enhanced payment capabilities to Nepal and India are now available across all EMQ global markets.

With a single EMQ Connect API integration, customers can now send a maximum of 500,000 INR (increased from 200,000 INR) directly into local banks in real-time under IMPS and higher amounts via same-day fund transfers to India.

Meanwhile in Nepal, customers will also have direct access to real-time bank transfer of up to 1,000,000 NPR with additional same-day payment options available in the country. These extended service offerings enable enterprises to focus on growing their business without the need to manage complex network infrastructure.

With a network footprint touching billions of people, EMQ continues to expand its product suite with real-time payment capabilities 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