EMQ’s technology is integrated by clients, including online banks digital wallets, e-commerce and merchant settlement providers and licensed financial institutions, into their existing networks, making it easier for them to perform cross-border remittances. EMQ is already licensed in Hong Kong, Singapore, Indonesia and registered as a Money Service Business in Canada. It has also been accepted into the regulatory sandbox launched by Taiwan’s Financial Supervisory Commission to encourage innovation by financial tech companies.

https://techcrunch.com/2020/07/27/hong-kong-based-emq-raises-20-million-for-its-cross-border-financial-settlement-tech/