EMQ and FOMO Pay has partnered to enable the Chinese communities in Singapore to seamlessly transfer money in real-time and directly send money back home to their families in China.
The partnership is supporting the growing demand for real-time international settlements from Singapore to China, with the ability to expand across other countries in Asia.
According to EMQ in a statement, the partnership will also facilitate and support the government's 2020 Smart Nation Initiative to accelerate Singapore's shift to a digital economy. It will also create more inclusive economy with greater access to digital financial services.
EMQ is a leading financial settlement network in Asia. FOMO Pay is the award winning QR code payment solution provider in Singapore and has been playing an active role in making Singapore a cashless society.
Singapore is an extremely important market in our global growth strategy and we are excited to support the government's ambition to transform Singapore into a Smart Nation by creating new opportunities in a digital age, said co-founder and chief executive officer of EMQ, Max Liu.
Co-founder and COO of FOMO Pay, Zack Yang said: We look forward to deepening our partnership with EMQ to drive digital payments across the 'One Belt One Road' economic corridors.
EMQ currently has a footprint in China, Hong Kong, Singapore, India, Indonesia, Japan, Vietnam, Cambodia and the Philippines. The company continues to expand across key business markets worldwide spanning Asia, Europe, the Middle East and North America. More details at www.emq.com
Source: NAM NEWS NETWORK