EMQ and Visa Team Up to Offer Cross-border Remittances across Asia Pacific

HONG KONGand SINGAPORE,March 20,2019 -- EMQ,a leading cross-border settlement network in Asia and Visa (NYSE:V) today announced a strategic partnership to offer cross-border remittances across Asia Pacific. This partnership pairs the capabilities of EMQ's extensive network and Visa's real-time[1]push payments platform,Visa Direct,to offer customers superior cross-border solutions with greater choice,transparency,and flexibility.

"The payments ecosystem across Asia Pacific is undergoing significant transformation with the rise of local and cross-border cashless payments underpinned by a tech savvy population. With a challenging fragmented market across the Asia Pacific region,businesses and individuals will increasingly require a global money movement network that is versatile while making cross-border remittances streamlined,low-cost,secure,and real-time," said Max Liu,co-founder and CEO of EMQ. "Our partnership with Visa will provide the additionalinfrastructure and technology to partners across our entire payments ecosystem. We look forward to partnering with Visa to offer these capabilities and flexible options to our customers."

Powered by EMQ's cross-border settlement network and Visa's scale,always-on network reliability and real-time payments,this strategic initiative will deliver a faster,more flexible and transparent platform. The partnership will deliver solutions which enable businesses and individuals to seamlessly transfer money any way and anywhere they want.

"As Visa continues to look to the future,we will continue to partner with scalable and robust networks that can deliver additional value to customers seeking new,convenient ways to send money internationally. In today's highly connected world,sending and receiving money globally should be a frictionless experience," said Rob Walls,Head of Consumer Products and Digital Solutions,Asia Pacific,Visa Inc. "Our partnership with EMQ is another way that Visa will enable a wide choice of cross-border remittance solutions while accelerating the adoption of digital payments across the Asia Pacific region. We are excited about this new initiative and we look forward to our partnership with EMQ."

Visa Direct allows companies to leverage Visa's global reach and scale to transform domestic and cross-border payments for businesses and consumers.The Visa Direct platform is available in more than 200 markets around the world and can be used to reach more than one billion consumer card accounts globally. For more information about Visa Direct,visit: https://usa.visa.com/partner-with-us/payment-technology/visa-direct.html.

EMQ currently has a footprint in mainland China,Hong Kong,Singapore,India,Indonesia,Japan,Vietnam,Cambodia,Thailand,Taiwanand the Philippines,with expansion underway across key business markets worldwide spanning Asia,Europe,North America and the Middle East. The company holds remittance licenses in Hong Kong,and Singapore as well as PCI DSS certification.

About EMQ

EMQ is a leading cross-border 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 network that provides immediate access to thousands of distribution points across the world‎. For more information,www.emq.com

About Visa Inc.

Visa Inc. (NYSE: V) is a world leader in digital payments. Our mission is to connect the world through the most innovative,reliable and secure payment network-- enabling individuals,businesses and economies to thrive. Our advanced global processing network,VisaNet,provides secure and reliable payments around the world,and is capable of handling more than 65,000 transaction messages a second. The company's relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device,and a driving force behind the dream of a cashless future for everyone,everywhere. As the world moves from analog to digital,Visa is applying our brand,products,people,network and scale to reshape the future of commerce. For more information,please visit About Visa,visacorporate.tumblr.comand @VisaNews.

[1]Actual fund availability depends on receiving financial institution and region. Visa requires fast-funds enabled issuers to make funds available to their recipient cardholders within a maximum of 30 minutes of approving the transaction. Please refer to the Visa Direct team and the Visa Direct Original Credit Transaction Global Implementation Guide for more information.