Vattanac Bank, a Bank in Cambodia announced a partnership with global payments network EMQ, to facilitate real-time cross-border payments across Asia, with more markets in the pipeline. By integrating with EMQ’s API-enabled payments platform, Vattanac Bank can further expand to new geographies and provided their customers with multi-currency payout to mobile wallets, bank accounts or cash pickup in the region. Powered by EMQ’s real-time payments network and Vattanac Bank’s capabilities, customers in Cambodia will be able to make instant or same-day fund transfers to Singapore, Malaysia, Indonesia, Vietnam, Thailand, and the Philippines, while enjoying multiple payout options including mobile wallets, bank accounts, and cash pickup. EMQ’s integrated payments platform enables financial institutions and enterprises to build flexible solutions that support multiple use cases and can reach a variety of payment endpoints from anywhere in the world through a single EMQ Connect API integration.
EMQ’s real-time payments capabilities span across Europe (Sepa Zone), Hong Kong, China, Thailand, Singapore, South Korea, India, Indonesia, Cambodia, Vietnam, Nepal, Pakistan, Philippines, the United Kingdom, and 19 markets in Africa, with expansion underway in the United States, Canada and Latin America. The company is currently licensed in Hong Kong, Singapore, Indonesia and registered as a Money Service Business in Canada.