EMQ Expands its Presence in South Korea

Hong Kong-based financial settlement network EMQ announced on Tuesday that it has entered the Korean market to offer global enterprise customers the benefits of a faster, transparent, and more efficient cross-border payments. 

With the latest launch, the company can provide global businesses with the full breadth of intelligent workflows, embedded with FX capabilities and real-time AML screening, through one single integration – EMQ Connect API. 

In addition, EMQ will also be able to increase access to its global network ecosystem as well as meet the demands from global businesses for transparent, fast and reliable cross-border payments. Its API-powered solutions can effectively settle any cross-border transactions and support a multitude of front-end use cases, while enabling global businesses to automate their workflows and optimize operational efficiency.

Max Liu, co-founder and CEO at EMQ, commented:

​“South Korea has one of the most vibrant digital economies in the world with its retail e-commerce volume estimated at $90.5 billion by 2024,[1], and global business would require access to an agile network infrastructure like EMQ that facilitates seamless cross-border payouts in local currencies without multiple intermediaries. Our expansion to South Korea further strengthens our capabilities to deliver innovative and value-added solutions with “in minutes” service levels for our customers. We look forward to helping our global customers expand into this high growth market as well as connecting local enterprises to over 80 markets across our global network.”

“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,” Liu added.