EMQ Delivers Real-Time Payments Across South Asia

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Global payments network EMQ today announced that it has significantly augmented its real-time cross-border payments across South Asia, including direct access to Nepal and Indias Immediate Payment Service (IMPS), with Unified Payments Interface (UPI) and additional markets in the pipeline.

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Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Monday, February 14, 2022
Information
Tags: 
Finance, Banking, Professional Services, Mobile, Wireless, Technology, United Kingdom, NPR, Expansion, API, UPI, Unified Payments Interface, IMPS, EMQ, Money services business, INR, Online shopping, Bank
Geotags: 
NEPAL, VIETNAM, AFRICA, PHILIPPINES, CAMBODIA, THAILAND, UNITED STATES, INDONESIA, EUROPE, LATIN AMERICA, SOUTH KOREA, SINGAPORE, SOUTH ASIA, INDIA, CHINA, HONG KONG, CANADA
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EMQ
Summary
Key Points: 
  • Global payments network EMQ today announced that it has significantly augmented its real-time cross-border payments across South Asia, including direct access to Nepal and Indias Immediate Payment Service (IMPS), with Unified Payments Interface (UPI) and additional markets in the pipeline.
  • These major enhancements provide a more transparent and cost-efficient payments solution for our customers worldwide, while enabling them to capture new opportunities across the emerging markets.
  • At EMQ, we actively listen to our customers and these service enhancements reflect our continuous efforts to provide value-added solutions that meet their business needs.
  • Powered by EMQs real-time payments network, our enhanced payment capabilities to Nepal and India are now available across all EMQs global markets.


Global payments network EMQ today announced that it has significantly augmented its real-time cross-border payments across South Asia, including direct access to Nepal and India’s Immediate Payment Service (IMPS), with Unified Payments Interface (UPI) and additional markets in the pipeline. These major enhancements provide a more transparent and cost-efficient payments solution for our customers worldwide, while enabling them to capture new opportunities across the emerging markets.

“At EMQ, we actively listen to our customers and these service enhancements reflect our continuous efforts to provide value-added solutions that meet their business needs. In the coming months, we will continue to expand our network with more global market touch points across the fastest growing economic corridors,” said Steven Liu, Global Head of Networks and Expansion, EMQ. “Our enhanced coverage across Nepal and India further complement our efforts to offer differentiated value propositions with greater speed, agility and flexibility in both consumer and business payments that meet the evolving business models.”

Powered by EMQ’s real-time payments network, our enhanced payment capabilities to Nepal and India are now available across all EMQ’s global markets. With a single EMQ Connect API integration, customers can now send a maximum of 500,000 INR (increased from 200,000 INR) directly into local banks in real-time under IMPS and higher amounts via same-day fund transfers to India.

In Nepal, customers will also have direct access to real-time bank transfer of up to 1,000,000 NPR with additional same-day payment options available in the country. These extended service offerings enable enterprises to focus on growing their business without the need to manage complex network infrastructure.

With a network footprint touching billions of people, EMQ continues to expand its product suite with real-time payments capabilities across Europe (Sepa Zone), 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. The company is currently licensed in Hong Kong, Singapore, Indonesia and registered as a Money Service Business in Canada.

About EMQ

EMQ is a global fintech company that enables businesses of every size to efficiently move money and deploy end-to-end financial services from anywhere in the world, leveraging our expansive global network. Through continuous innovation, we deliver flexible payment infrastructure with increased speed, transparency, and certainty - vital requirements in an always-on digital economy. Our API-powered platform makes it easy for businesses across industries to manage any cross-border transactions and embed financial service into your product offerings. www.emq.com.

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