Shacom Pay users can enjoy fast, convenient and secure money
transfer service anytime and anywhere
HONG KONG–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/APAC?src=hash” target=”_blank”gt;#APAClt;/agt;–EMQ, a leading cross-border settlement network in Asia and Shanghai
Commercial Bank (“SCB”), a long and well-established local Chinese bank
in Hong Kong, today announced a partnership on cross-border money
transfer service across Asia. This collaboration enables SCB’s payment
platform to integrate with EMQ’s extensive network infrastructure for
secure, compliant, and cost-effective cross-border solutions.
“The payments ecosystem across Asia is undergoing significant
transformation with the rise of local and cross-border cashless payments
underpinned by a tech savvy population. With a challenging fragmented
market across Asia, businesses and individuals will increasingly require
a global money movement network that is versatile while making
cross-border money transfers streamlined, low-cost, secure, and
real-time,” said Max Liu, co-founder and CEO of EMQ, a regulated money
service operator. “We have been banking with SCB since the commencement
of our business operation in 2015. Today’s partnership is a testimonial
of our deepened relationship throughout the years.”
Last year, SCB has developed Shacom Pay, the Bank’s latest mobile app
that allows customers to conduct small value transactions instantly and
at any time. Leveraged on EMQ’s cross-border settlement network, Shacom
Pay users can also make money transfers, initially to Indonesia and the
Philippines, on a faster and more convenient platform.
“We are delighted to partner with EMQ as a part of our digital banking
strategy to offer customers a fast, convenient and secure money transfer
service through our banking network and mobile app,” said David Kwok,
Managing Director & Chief Executive, Shanghai Commercial Bank. “It also
demonstrates our long-standing commitment for continual broadening the
personalized banking services to meet customer needs. We look forward to
further expanding our collaboration with EMQ and enhance customer
experience across our digital platforms.”
EMQ currently has footprints in Mainland China, Hong Kong, Singapore,
India, Indonesia, Japan, Vietnam, Cambodia, Thailand, Taiwan and the
Philippines, with expansion underway across key business markets
worldwide spanning Europe, North America and other regions.
About EMQ
EMQ is a leading cross-border settlement network in Asia, providing
secure and affordable money transfer options for businesses and
individuals. With our assets anchored in Asia, EMQ has established an
extensive network that provides immediate access to thousands of
distribution points across the worldý. For more information, www.emq.com.
About Shanghai Commercial Bank
Incorporated in November 1950, Shanghai Commercial Bank Limited is a
well-established local Chinese bank in Hong Kong. At present, the Bank
has over 50 branches across Hong Kong, mainland China and overseas, with
a business network covering the United Kingdom, the United States,
Shanghai and Shenzhen, and offering its customers comprehensive banking
services with convenience.
Contacts
EMQ
Genevieve Li
Tel: +852 9200 3892
Email: [email protected]
Shanghai
Commercial Bank Limited
Ernest Chan
Tel: +852 2841 5050
Email:
[email protected]
