EMQ Inc.
Key Data
- Trading Name: EMQ
- Legal Entity: EMQ Limited
- Activities: Global Payment Network
- Location: Hong Kong
- Regulations: Major Payment Institution license by MAS
- Key People: Max Liu, co-founder and CEO
EMQ is a global payments network that provides a seamless and real-time solution for cross-border transactions. Its API-powered platform is designed to support businesses in the digital economy by offering fast, transparent, and efficient payment processing.
Offering
EMQ offers a infrastructure that supports a variety of financial services, from business and consumer payments to gig economy solutions and virtual accounts.
Core Services:
- Business Payments: EMQ simplifies international payments for businesses of all sizes. Through a single API integration, companies can access a full suite of cross-border capabilities, including competitive pricing, wholesale foreign exchange management, and real-time anti-money laundering (AML) screening, enhancing operational efficiency and customer propositions (EMQ).
- Consumer Payments: EMQ enables consumers to make payments abroad as quickly and easily as domestic payments. This service supports instant transfers, enhancing the speed and reliability of personal transactions across borders.
- Gig Economy Solutions: EMQ supports the growing gig economy by providing platforms that facilitate timely payouts in local currencies. This service addresses the unique needs of gig workers, allowing them to receive payments from anywhere globally without friction.
- Virtual Accounts: EMQ offers virtual account solutions that allow businesses and individuals to set up accounts across different countries and currencies quickly. This feature is particularly useful for managing international transactions and expanding into new markets .
- Collections: Enhancing the customer experience, EMQ’s collections service offers frictionless payment options, enabling businesses to efficiently collect payments from their customers globally.
Partnerships and Impact
EMQ has partnered with significant players like Tencent’s WeChat Pay HK to simplify the remittance process for migrant workers, illustrating its commitment to financial inclusion. By leveraging EMQ’s technology, WeChat Pay HK provides a faster and more seamless money transfer experience, particularly benefiting workers in regions like the Philippines and Indonesia.
Regulation
EMQ holds licenses in key markets like Hong Kong, Singapore, Indonesia, and Canada, and participates in Taiwan’s Regulatory Sandbox. While these licenses are important, they do not cover all potential markets. Expansion into additional jurisdictions with strict regulatory frameworks would further validate their global compliance stance.
Customer Reviews
Currently, there are no publicly accessible customer reviews for EMQ. Despite the detailed information provided about their services and regulatory compliance on their official website and other sources, specific customer reviews or testimonials are missing. This means that potential clients cannot gain direct insight into the experiences of other users with EMQ.
Key People at EMQ
- Max Liu
- Mike Webster
- John Kang – Chief Financial Officer (CFO)
- Steven Liu
- Matthew Chang – General Counsel
After extensive research, we could not find any negative information regarding EMQ. The company possesses all the necessary compliance certifications, including SOC 2 Type I and ISO/IEC 27001, ensuring robust data security and regulatory.
However, one concerning point is the lack of customer reviews. Despite this, we currently rate them as GREEN, indicating a positive initial assessment.
