Singapore based global financial settlement network, EMQ has launched its payments technology which enables same-day cross-border payment settlement function in local currencies in eight nations. The countries include China, India, Indonesia, the Philippines, Malaysia, the United Kingdom, Singapore, and Japan.

This technology enables companies, banks and other financial institutions access to the same day payment settlement with certainty, transparency and speed in key strategic markets across Asia and Europe. The company’s API infrastructure is created to fulfil the high volume requirements of the business that have high transaction volumes.

“Given today’s B2B payments process remains cumbersome and friction-filled, enterprises will need a robust network infrastructure like EMQ that combats the complexities in processing real-time international payments,” said Max Liu, co-founder and CEO of EMQ.

EMQ had recently announced its enhancements to its cross-border payments solution which will help businesses both locally and globally to expand their reach and improve their payments capabilities.

Adding further Liu said, “At EMQ, we are focused in delivering a network infrastructure that streamlines B2B and B2C cross-border transactions that best serve our global businesses. In the coming months, we will continue to invest and expand our enterprise capabilities to high-growth markets across the world,”.