EMQ, the global financial settlement network, today announced the expansion of the latest gateway in Canada to strengthen its presence throughout North America. The company is also registered with the Canadian Center for Financial Transactions and Analysis Report (FINTRAC) as a Money Services Business (MSB). This will enable EMQ to provide consumers and businesses with a faster, more transparent and more consistent cross-border payment experience in Canada.
1. To support the rapidly growing demand for cross-border settlement, customers will need a network infrastructure that can facilitate faster, safer, and real-time payments, “said Max Liu, founder and CEO of EMQ.” With our new Money Services Business registration, we can now connect EMQ’s global network to Canada and provide increased access and value-added services to the financial sector. “” data-reactid = “21”> “Canada is one of the world’s leading money transfer markets. This year, digital money transfers in the country are worth more than US $ 1.4 billion and are expected to reach US $ 2 billion in the year 20231. To support the rapidly growing demand for cross-border settlement, customers will need a network infrastructure that can facilitate faster, safer, and real-time payments, “said Max Liu, founder and CEO of EMQ.” With our newly registered Money Services Business, we can now connect EMQ’s global network to Canada and provide increased access and value-added services to the financial sector. “
Supported by EMQ’s global financial settlement network, customers in Canada will be able to make and receive payments quickly and transparently from more than 80 major global markets. This will further increase digital international payment offerings throughout North America.
“As a network infrastructure provider that connects the entire payment ecosystem, our goal is to enable everyone to send money anywhere in the world and to any endpoint in a fully compliant and transparent way. Our expansion to Canada marks another important milestone in our journey to fulfill this promise, “Liu added.
The latest developments come in a series of recent expansion initiatives to improve the EMQ network infrastructure globally, which is currently spread across the Asia Pacific, Africa, Canada, Europe and the United Kingdom. The EMQ is also licensed in Hong Kong, Singapore and Indonesia and has been accepted at the Taiwan Regulatory Sandbox by the Financial Supervisory Commission in Taiwan.
About EMQ“data-reactid =” 25 “>About EMQ
www.emq.com. “data-reactid =” 26 “> EMQ operates a global financial settlement network that provides faster, more affordable and transparent cross-border settlement solutions for businesses around the world, while complying with complex regulations and compliance standards in different markets. flexible companies have been built to effectively resolve any cross-border capital movements and can be used in a variety of vertical industries for a variety of services, including e-commerce, merchant settlement, procurement, money transfer, payroll, etc. www.emq.com.
Canadian Digital Money Transfer, Statista, 2020. “data-reactid =” 27 “>1 Canadian Digital Money Transfer, Statista, 2020.
View the source version at businesswire.com:“data-reactid =” 28 “>
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