EMQ Becomes the First Fintech Startup Accepted into Taiwan’s Regulatory Sandbox
EMQ, a leading cross-border settlement network in Asia, announced that it has been approved by the Financial Supervisory Commission (FSC) of Taiwan on its
- EMQ, a leading cross-border settlement network in Asia, announced that it has been approved by the Financial Supervisory Commission (FSC) of Taiwan on its application to offer cross-border remittance services for migrant workers in Taiwan.
- As the first fintech startup to be accepted into the Taiwans Regulatory Sandbox, EMQ will within the FSC prescribed timeline, provide a more convenient and lower cost remittance services for migrant workers sending money home to Vietnam, Indonesia, and the Philippines.
- Powered by EMQ’s extensive network, our service will significantly simplify the remittance process by allowing migrant workers in Taiwan to send money via smart phone anywhere and enjoy a full range of pay-out options including instant cash pickup, bank deposits to the partnered banks, deposit into a mobile wallet, or home delivery of cash to support their families back home compared to the existing remittance channels in Taiwan.
- This would provide a convenient and seamless money transfer experience, while helping to drive greater financial inclusion across Vietnam, Indonesia and the Philippines.