Global payments network EMQ has deepened its reach across Europe by adding the SEPA instant credit transfer (SCT Inst) capabilities to its network.

This further extends EMQ’s network infrastructure into the high-growth markets in the SEPA (Single Euro Payments Area) zone, and enables global enterprises to send funds instantly in euros to a wider set of beneficiary accounts in Europe.

Already live in Europe, the expanded capabilities enable global enterprises and their customers to send and receive a maximum of 100,000 euros within minutes, to eligible accounts, under the SEPA Instant Credit Transfer scheme of the European Payments Council (EPC).

EMQ’s API-powered solutions provide a unified and globally consistent platform for integration and automation across multiple markets.

The company continues to enhance its product suite with near 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.

EMQ is currently licensed in Hong Kong, Singapore, Indonesia and registered as a Money Service Business in Canada.

 

“By connecting EMQ’s global network to SCT Inst, we further strengthen our pan-European capabilities to deliver real-time payments across all the enterprise segments. This will help our customers respond faster to the demands of today’s global marketplace.”

said Steven Liu, Global Head of Networks and Expansion, EMQ.