Just in January, EMQ was named the first fintech startup to be accepted into Taiwan’s Regulatory Sandbox to provide a more convenient and lower cost remittance service for migrant workers sending money home to Vietnam, Indonesia and the Philippines.
Now, EMQ has moved away from branding themselves as a service catering to migrants, and partnered with Visa to offer cross-border remittances across Asia Pacific for both individuals and businesses.
The partnership will leverage off EMQ’s existing cross-border settlement network and Visa Direct, which would utilise the company’s scale and reputation in real-time payments.
The end result according to the press release, should yield a seamless platform that’s quicker, more flexible and transparent: key tenets in the development of remittance fintech.
CEO of EMQ Max Liu said:
“The payments ecosystem across Asia Pacific is undergoing significant transformation with the rise of local and cross-border cashless payments underpinned by a tech savvy population.”
“Our partnership with Visa will provide the additional infrastructure and technology to partners across our entire payments ecosystem.”
