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TRANSFORMING THE GLOBAL DIGITAL ECONOMY WITH NEW PAYMENT NETWORKS Why crossborder settlement infrastructure matters for the digital era Consumers from around the world carry out enormous amounts of online transactions and payments today, from ordering goods and services to regularly remitting money back to families thousands of miles away. Real-time, affordable and transparent payments are key to so many of today’s services, from an online shopping mall to bricks-and-mortar businesses, selling anything from wine to stationery. So, how can enterprises get their customer service right with the most important transaction – payment? According to a 2020 payments study by Deloitte, innovation in payment infrastructure is key to creating new service offerings and revenue streams for businesses across industries. From improving customer experience to becoming more profitable, payments innovation plays an increasingly important role in ensuring the profitability of enterprises both big and small. Network providers that can integrate multiple players for faster and more affordable financial transactions can help businesses to innovatively transform their customer experience to meet the needs of a 21st Century digital economy. As enterprises increasingly look beyond their borders for growth opportunities, they can benefit from efficient crossborder settlement infrastructure that empowers them to offer value-added services and gain

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direct access to strategically important high-growth markets. Therefore, it is important to partner with a network provider that can streamline international payments and understand the complexities involved in navigating compliance landscapes across different jurisdictions. “We have one goal at EMQ – that is to deliver a neutral, compliant and transparent network infrastructure that enables global businesses to send money anywhere in the world and to any end point,” explains Max Liu, CEO and Co-founder of EMQ. “With our customers at the heart of our business, we always strive to offer superior crossborder solutions that provide greater flexibility and cost savings so that they can focus on delivering a great customer experience,” he adds. While various regions offer great opportunities for expansion, managing crossborder settlements can be complex and cumbersome. This can often create substantial barriers to entry for businesses. To overcome these challenges, companies can work with partners such as EMQ to benefit from a network infrastructure that provides greater security and comprehensive compliance to meet local regulatory requirements.

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TAPPING HIGH-PERFORMING MARKETS WITH EMQ For businesses to truly stay ahead in the digital economy, they should work with partners that can offer robust infrastructure that is scalable across borders. “In this new era, infrastructure will define the payments sector. As such, businesses will increasingly require a global money movement network that streamlines crossborder transactions with greater transparency and certainty,” says Liu. With a global footprint that reaches all major business hubs, EMQ’s flexible and scalable infrastructure eliminates unnecessary intermediaries and directly integrates to all the end-points, facilitating seamless, real-time and cost-effective crossborder settlements. “The application of EMQ’s network is flexible and adaptable. And can be deployed across multiple vertical industries,” adds Liu. As part of its global strategic growth initiatives and in response to customer needs, EMQ is ramping up its presence across Europe and Asia. The newly

In this new era, infrastructure will define the payments sector

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The Fintech Power 50 Annual Guide 2020  

An annual guide to the most influential, innovative companies and powerful figures within the Fintech industry. The Fintech Power 50 is not...

The Fintech Power 50 Annual Guide 2020  

An annual guide to the most influential, innovative companies and powerful figures within the Fintech industry. The Fintech Power 50 is not...