EMQ to extend financial service operations across 18 African countries
Category: #business  By Mateen Dalal  Date: 2020-03-17
  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn

EMQ to extend financial service operations across 18 African countries

·         Enhanced mobile solutions to over 30 million African customers living outside their country

·         Will expand service across North and South America by the second quarter of 2020

EMQ- a leading financial settlement network company has reportedly announced the extension of its services across Africa. The expansion will provide the nation with increased access to the burgeoning digital financial services solutions.

Max Liu, Co-founder and CEO of EMQ was reportedly quoted stating that Africa holds a strong market potential with a wide mobile economy and is projected to be valued at US$185 billion by the end of 2023 in the sub-Sahara African region. The extension of services will render enhanced financial services at an economical cost by way of real-time payment solutions for the company’s global customers including more than 30 million Africans residing outside their home country.

Notably, with the help of EQM’s advanced financial settlement framework, customers from across the globe can transfer funds to 18 countries within minutes. Some of these countries include Uganda, Nigeria, Ghana, Kenya, and Ethiopia.

For the record, EMQ’s initiative will help design an inclusive economy with increased access to the global digital financial services network in a region where merely 43% of the people have access to various financial solutions.

Apparently, the expansion project to Africa is followed by a series of new launches to strengthen the company’s network infrastructure across the globe. Currently, the company operates in countries like Europe, U.K. China, Hong Kong, Thailand, Singapore, Malaysia, Taiwan, Japan, India, Indonesia, and the Philippines.

Founded in 2014, EMQ is a prominent name in global financial network services. The company provides affordable, fast and transparent cross-border financial settlement solutions across the globe. EMQ’s wide network structure has been designed to render a hassle-free movement of capital and can be adopted by different sectors of the economy.

Reportedly, EMQ is aiming at expanding operations across America by the second quarter of 2020.

 

Source Credits: https://picante.today/latest-news/2020/03/17/137189/emq-expands-global-reach-into-africa/

 

  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn


About Author

Mateen Dalal     twitter

Mateen Dalal

A qualified electronics and telecommunication engineer, Mateen Dalal embarked on his professional journey working as a quality and test engineer. Harnessing his passion for content creation however, Mateen pens down industry-rich articles for ReportsGO.com and a few o...

Read More..

More News By Mateen Dalal

Sequoia India launches Spark Fellowship to support female entrepreneurs

Sequoia India launches Spark Fellowship to support female entrepreneurs

By Mateen Dalal

The Spark fellowship program is for women entrepreneurs in India and Southeast Asia. The year-long program is aimed at bringing more gender diversity and supporting startups led by women. Sequoia Capital has recently revealed the launch of a yea...

Biden names avid tech critic Jonathan Kanter as DOJ antitrust chief

Biden names avid tech critic Jonathan Kanter as DOJ antitrust chief

By Mateen Dalal

U.S. President Joe Biden will reportedly nominate Jonathan Kanter, a competition lawyer, and fervid Google critic, to head the antitrust division of the Justice Department. Kanter has been actively representing several companies in competition cases...

UK’s Freedom Day tainted by growing infections and PM’s self-isolation

UK’s Freedom Day tainted by growing infections and PM’s self-isolation

By Mateen Dalal

U.K. Prime Minister Boris Johnson’s ‘Freedom Day’ has reportedly been ruined by forced self-isolation, rising COVID-19 infections, and warnings of shortages in supermarkets. For the record, England has had strict lockdowns since th...