EMQ, a fintech company with an extensive payment network in Asia, announced on Tuesday it has formed a strategic partnership with QFPay, a global mobile payment and big data technology company from China, to deliver a secure and scalable infrastructure for mobile payments in the region. While sharing details about the collaboration, Max Liu, Co-Founder and CEO of EMQ, stated:
“Indonesia is Southeast Asia’s largest economy and is one of the top destinations for Chinese tourists, who hold significant buying power with diverse payment needs. To address this, mobile payment providers such as QFPay, are expanding with different international merchants, which in turn require a cross-border platform for real-time merchant settlement. Our partnership with QFPay is a great validation that our extensive settlement network provides a critical gateway that connects businesses. We are pleased to partner and support QFPay with its expansion across Asia.”
Patrick Ngan, Co-Founder and President of QFPay, also shared:
“This is an exciting milestone in our partnership with EMQ as we continue our strategic expansion across Asia. Our integration with EMQ’s scalable API platform has empowered us with a faster, more cost-effective way to deliver payments to our merchants and suppliers in Indonesia. By leveraging our experiences in serving over 1 million merchants, we are confident in continuing to bring secure mobile payment services and solutions to worldwide merchants. We look forward to further expanding our partnership with EMQ across Asia.”
EMQ currently has a footprint in Hong Kong, Taiwan, Indonesia, Vietnam and the Philippines. The company added it is now seeking to expand across other business markets first in Asia and then globally, covering North America, Europe, and the Middle East.
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“Indonesia is Southeast Asia’s largest economy and is one of the top destinations for Chinese tourists, who hold significant buying power with diverse payment needs. To address this, mobile payment providers such as QFPay, are expanding with different international merchants, which in turn require a cross-border platform for real-time merchant settlement. Our partnership with QFPay is a great validation that our extensive settlement network provides a critical gateway that connects businesses. We are pleased to partner and support QFPay with its expansion across Asia.”
