KUALA LUMPUR, April 19 (Bernama) -- EMQ -- a financial technology
innovator with extensive financial settlement network in Asia and HDBank, one
of Vietnam's leading commercial bank have partnered to support the growing
demand for instant remittances in Vietnam and across Southeast Asia.
Co-founder and chief executive officer of EMQ, Max Liu said the partnership marks a milestone for the company as it continues strategic expansion across the region and delivers innovative value-added financial services.
"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 seven per cent of the country's gross domestic product (GDP), according to the World Bank."
"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," he added.
As one of the top 10 joint stock commercial banks and operating for more than 28 years in Vietnam, HDBank has built strong financial capabilities to offer a wide variety of financial services across its 240 branches in the country.
The partnership leverages EMQ's financial settlement network across Asia, which will enhance HDBank's ability to deliver accessible and convenient remittance services in Vietnam.
EMQ currently has footprint in Hong Kong, India, Indonesia, Vietnam and Philippines, which plans to expand across other key business markets in Asia, North America, Europe and the Middle East.
-- BERNAMA
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