EMQ, a financial settlement network, announced that it has further expanded its real-time international payment capabilities across Vietnam, leveraging National Payments Corporation of Vietnam (NAPAS) – the country’s domestic payment network.

This announcement follows their recent fundraising round of US$ 20 million Series B led by WI Harper Group. EMQ was also accepted into Taiwan’s Regulatory Sandbox by the Financial Supervisory Commission in Taiwan.

“Southeast Asia is growing at an unprecedented pace with Vietnam as the fastest growing economy, and it is fuelling the demands for a network infrastructure like EMQ that facilitates in minutes cross-border payments across the region,”

said Max Liu, co-founder and CEO of EMQ.

“With our commitment as a trusted network for the global communities, we are constantly optimizing our network with real-time service levels that enable cross-border payments with greater speed, certainty and transparency. Our expanded capabilities across Vietnam complement our efforts in providing the most reliable digital financial solutions for our customers, while supporting digital transformation and economic growth across the emerging markets.”

 

Powered by EMQ’s global financial settlement network, the company said that customers from around the world can now transfer money back home in minutes to 48 banks under NAPAS in Vietnam, and enjoy a full range of pay-out options including instant cash pickup, bank deposits to the partnered banks, or home delivery of cash to support their families and communities.

With the addition of Vietnam, EMQ now offers in minutes cross-border payments across China, Singapore, India, Indonesia, Cambodia, Vietnam, Nepal, Philippines, the United Kingdom, and 19 markets in Africa, with more markets underway for real-time capabilities by the end of 2020.

Featured image credit: Edited from Unsplash