EMQ Bolsters International Money Transfers Into China
EMQ, a global financial settlement network that is used across multiple industries and services such as e-commerce and payroll, announced it will be expanding to cover more than 150 banks in China.
EMQ Co-Founder and CEO Max Liu said the China gateway enables customers from around the world to seamlessly transfer money in real time and directly back home to their families, providing greater access to digital financial services for the Chinese people.
“China is an extremely important market in our global growth strategy as it is the world’s second largest recipient of remittances with $67 billion in currency flow into the country in 2018, according to the World Bank,” Liu said. “Since we launched our China gateway two years ago, we have continued to invest in our network infrastructure and strengthen our compliance capabilities in the region to deliver a faster, efficient, and cost-effective cross-border settlement platform that allows our customers to send money from anywhere in the world into China.”
Visit www.emq.com for more information.
activpayroll Secures Investment from Tenzing Private Equity
activpayroll, the Aberdeen, Scotland-headquartered global payroll specialist, announced it has received a significant growth investment by Tenzing Private Equity.
activpayroll provides integrated global and domestic payroll solutions, expatriate taxation services, and online HR people management tools to more than 1,000 companies in more than 140 countries worldwide.
Tenzing, a London-based private equity firm, targets investments in high-growth businesses across the U.K. The firm announced it has backed activpayroll’s senior management team, led by Founder and CEO Alison Sellar and COO Euan Sellar. According to the company, Tenzing’s investment, its team, and its Entrepreneurs Panel will support the company with continued technical product development, investment in sales, and development of its acquisition and international strategy to ensure the business continues to expand and remains at the forefront of the global payroll market.
“Over recent years, activpayroll has expanded significantly whilst maintaining an extremely high level of customer satisfaction, and this must be attributed to the activpayroll team,” Sellar said. “We look forward to working in close cooperation with the Tenzing team and accessing their growth eco-system to continue the exciting activpayroll journey.”
Visit www.activpayroll.com for more information.
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