EMQ expands to South Korea

Hong Kong-based global financial settlement network, EMQ has expanded its operations into South Korea and will be offering its clients with “faster, transparent and efficient cross-border payments”.

Last year, EMQ has several launches including joining the FAST network in Singapore, launching same-day cross-border settlement for B2B payments, launching its service in Japan and raising $20 million in series B round.

The service is already live in South Korea and the company provides global businesses with ‘full breadth of intelligent workflows, embedded with FX capabilities and real-time AML screening’ which is integrated with EMQ Connect API.

The company also notes in the press release that it can settle any cross-border transactions and support a multitude of front-end use cases and also ‘enabling businesses to automate their workflows’.

“This market expansion is a significant milestone to our ongoing global expansion, while further bolstering our market presence in the Asia Pacific region. We will continue to grow our network of strategic partners and explore new ways to expand our payments infrastructure to address the evolving global payment landscapes,” said Max Liu, co-founder and CEO of EMQ.

The company is currently licensed in Hong Kong, Singapore, Indonesia and registered as a Money Service Business in Canada. EMQ was also accepted into Taiwan’s Regulatory Sandbox by the Financial Supervisory Commission in Taiwan, the press release noted.