EMQ announces expansion to Africa.
EMQ announces expansion to Africa. Global financial settlement network, EMQ has announced its footprint expansion into Africa, offering customers from around the world secure, affordable and real-time cross-border settlements across multiple markets in the continent.
The expansion to Africa follows a series of launches to reinforce EMQ’s network infrastructure globally.
Speaking on the expansion, the CEO and co-founder of EMQ Max Liu said: “Our new African gateway bridges the gap in making financial services more accessible and affordable by offering real-time payment capabilities for our global senders, including the over 30 million Africans living outside of their home countries”.
This will create a more inclusive economy with greater access to digital financial services for a region where only 43% of the population has access to financial services.
With the help of EMQ’s global financial settlement network, customers from around the world can seamlessly transfer money directly back home within minutes to 18 countries, including Nigeria, Uganda, Ghana, Ethiopia, and Kenya.
“This is an exciting milestone for EMQ as we continue to invest in our network infrastructure and strengthen our compliance capabilities across Europe, Middle East and Africa (EMEA) to deliver innovative financial services in the region,” Liu further stated.
EMQ currently spans across Europe, U.K., Singapore, Malaysia, China, Hong Kong, India, Indonesia, Japan, Vietnam, Cambodia, Thailand, Taiwan, and the Philippines. In the second quarter of 2020, the company plans to expand across the Americas.
EMQ
EMQ operates a global financial settlement network that provides a faster, more affordable and transparent cross-border settlement solution for businesses around the world while adhering to complex regulations and compliance standards in different markets.
The company’s flexible network infrastructure has been built to effectively settle any cross-border movement of capital and can be deployed across multiple vertical industries for a broad range of services, including e-commerce, merchant settlement, procurement, remittance, payroll, etc.