EMQ AND FOMO PAY PARTNER TO BOLSTER THE DIGITAL PAYMENT REVOLUTION ACROSS "ONE BELT ONE ROAD" ECONOMIC CORRIDORS

HONG KONG & SINGAPORE, Oct 24 (Bernama-BUSINESS WIRE) -- EMQ, a leading financial settlement network in Asia, and FOMO Pay, the award winning QR code payment solution provider in Singapore, has announced a partnership to support the growing demand for real-time international settlements from Singapore to China, with the ability to expand across other countries in Asia. The partnership will also help facilitate and support the government’s 2020 Smart Nation Initiative to accelerate Singapore’s shift to a digital economy. “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 Max Liu, Co-founder and CEO of EMQ. “As FOMO Pay’s International partner, our partnership represents a great milestone in delivering the necessary payments infrastructure to support digital transformation and economic growth across Singapore and the “One Belt One Road” economic corridors.” Powered by EMQ’s financial settlement network, the partnership with FOMO Pay will enable the Chinese communities in Singapore to seamlessly transfer money, in real-time, and directly send money back home to their families in China, while creating a more inclusive economy with greater access to digital financial services for the Chinese population. “Our customers are at the heart of our business and we are always looking at innovative ways to improve our services,” said Zack Yang, Co-founder and COO, FOMO Pay. “Our strategic partnership with EMQ would further accelerate our ability to launch financial services that deliver additional value to our customers while giving us the competitive advantage to expand our business into new markets. 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, and we continue to expand across key business markets worldwide spanning Asia, Europe, the Middle East and North America. The company currently holds licenses in Hong Kong, Indonesia and Singapore. http://mrem.bernama.com/viewsm.php?idm=33044