​EMQ PARTNERS WITH LEADING VIETNAM BANK TO BOOST REMITTANCE CAPABILITIES ACROSS SOUTHEAST ASIA

HONG KONG & HO CHI MINH CITY, Vietnam, April 19 (Bernama-BUSINESS WIRE) -- EMQ, a Fintech innovator with an extensive financial settlement network in Asia, and HDBank, one of Vietnam’s leading commercial banks, today announced a strategic partnership to penetrate into Vietnam. This partnership will support the growing demand for instant remittances across Southeast Asia. “Remittances from overseas workers constitute a vital part of the economy of many developing nations such as Vietnam, a leading recipient of global remittances and contributes to 7% of the country’s GDP, according to the World Bank,” said Max Liu, Co-founder and CEO of EMQ. “Our partnership with HDBank will boost our capabilities in Vietnam, making financial services more accessible and inclusive for the overseas workers and their families across the country.” As one of the top 10 joint stock commercial banks in Vietnam, HDBank has built strong financial capabilities to offer a wide variety of financial services across its 240 branches/banking units in the country. The partnership leverages EMQ's financial settlement network across Asia, which will significantly enhance HDBank’s ability to deliver accessible and convenient remittance services for the people of Vietnam. Mr. Liu added, “This is an exciting milestone for EMQ as we continue our strategic expansion across Southeast Asia and deliver innovative value-added financial services in the region. We are very pleased to expand our relationship with HDBank and to further support the financial inclusion initiatives in Vietnam.” EMQ currently has footprint in Hong Kong, India, Indonesia, Vietnam and the Philippines, with plans underway to expand across other key business markets first in Asia and then globally, covering North America, Europe and the Middle East. The company received its Money Service Operator license from the Hong Kong Customs and Excise Department in September 2014 and its Fund Transfer Operator license from Bank Indonesia in March 2017.  http://mrem.bernama.com/viewsm.php?idm=31716