Enterprise customers can now settle transactions directly in RMB and USD, further streamlines cross-border payments into China
Global payments network EMQ further strengthens its multi-currency B2B payment offerings for enterprises with options including same-day settlement in RMB and USD across its extensive payout network reaching over 150 banks in China. This enables EMQ’s customers to send payments to their China-based suppliers with increased certainty, efficiency and transparency, while providing direct access into one of the world’s largest trading nations.
“China continues to be a significant growth market for our enterprise customers, and EMQ’s payment network plays an important role in supporting their international trade requirements, ensuring efficient and timely cross-border payments,” said Steven Liu, Global Head of Networks and Expansion, EMQ. “Our enhanced B2B solution will help businesses reach more customers and empower them to make seamless multi-currency payments globally.”
EMQ’s global payments network enables enterprises to build flexible solutions that support multiple use cases and can reach a variety of payment endpoints from anywhere in the world through a single integration. With EMQ Connect API, customers can pay directly in RMB and USD with same-day payment options, thereby improving the speed and cost of international payments across the global marketplace.
“At EMQ, we are always looking for ways to enable enterprises to deliver a more streamlined, cost-effective and certain payment experience for their customers. We are excited to expand our China B2B offerings across our global markets with more currencies and enhancements underway in the coming months,” Liu added.
The latest development comes on the heels of a recent series of expansion initiatives to bolster EMQ’s network infrastructure and product portfolio with real-time payments capabilities across Europe, Hong Kong, China, Thailand, Singapore, South Korea, India, Indonesia, Cambodia, Vietnam, Nepal, 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.
EMQ is a global fintech company that enables businesses of every size to efficiently move money and deploy end-to-end financial services from anywhere in the world, leveraging our expansive global network. Through continuous innovation, we deliver flexible payment infrastructure with increased speed, transparency, and certainty – vital requirements in an always-on digital economy. Our API-powered platform makes it easy for businesses across industries to manage any cross-border transactions and embed financial service into your product offerings. www.emq.com.