EMQ Partners with Leading Vietnam Bank to Boost Remittance Capabilities across Southeast Asia

19-Apr-2018 Intellasia | BusinessWire | 1:27 PM Print This Post

HONG KONG & HO CHI MINH CITY, Vietnam–(BUSINESS WIRE)–#HDBank–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.

About EMQ
EMQ is a financial
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 and
regulatory-approved network that provides immediate access to thousands
of distribution points across North and Southeast Asiaý. For more
information, please visit EMQ’s website at www.emq.com

About HDBank
HDBank is one of
the first Joint Stock commercial Banks in Vietnam and is currently among
the top private commercial banks in the country which has been operating
for more than 28 years in Vietnam. HDBank has built strong financial
capabilities and up-to-date technologies, offering a wide variety of
financial services to retail customers, corporations and investors. As
of 31 December 2017, HDBank has 240 branches and transaction offices,
more than 11,000 points of sale and over 4.8mm customer base. In the
international market, HDBank has set up correspondent relationship with
about 400 foreign banks and their branches in many countries and
territories.

Contacts

For More Information:
EMQ
Genevieve Li, +852 9200 3892
[email protected]

 


Category: BusinessWire, PRAsia

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