KUALA LUMPUR: EMQ, a global financial settlement network is augmenting its footprint across Southeast Asia with direct connectivity to Singapore’s Fast and Secure Transfers (FAST) network and extensive bank coverage across Malaysia.
This initiative will provide global businesses with enhanced coverage for the growing digital payment ecosystem in the region, according to a statement.
“Our new expansion across Singapore and Malaysia will further complement our capabilities in Southeast Asia and we are well-positioned to offer businesses direct payment access to international markets,” said EMQ co-founder and chief executive officer, Max Liu.
Powered by EMQ’s global financial settlement network, businesses can now have instant access to 19 banks under Singapore’s FAST and extensive bank coverage across Malaysia under one single API integration.
EMQ’s Connect API integration platform is designed to streamline the complexity of making cross-border payments by providing solutions that can scale to meet the needs of businesses with high transaction volumes, enabling them to control workflows for a seamless user experience.
Businesses on EMQ’s platform can also benefit from greater security and comprehensive compliance to meet local regulatory requirements without the need to manage complex network infrastructure.
The latest developments come on the heels of a recent series of plans to bolster EMQ’s network infrastructure globally, which currently spans across Europe, UK, Singapore, Malaysia and China, among others. In the coming months, it will expand across Africa and the Americas.
More details at www.emq.com. – Bernama
