Bridging the Europe-Asia Payment Gap: M-DAQ Global Partners with ZEN.COM

We are excited to announce a new partnership with Europe-based ZEN.COM. Officially signed on 27 February 2025, this collaboration aims to revolutionise cross-border payment efficiencies, strengthening financial connectivity between Europe and Asia.  

Meet ZEN.COM

ZEN.COM offers a comprehensive suite of financial services, including multi-currency accounts, business-friendly Mastercard® options, and instant fund settlements for businesses and individuals alike. Operating with a Lithuanian banking license, ZEN.COM serves customers across more than 30 countries, providing reliable and efficient payment solutions tailored to diverse needs.

Tackling the Complexities of Asian Market Payments

Recently, ZEN.COM has experienced growing demand from its customers to facilitate payments and collections with vendors in Asia. However, entering the Asian market posed unique challenges. Unlike Europe, Asia’s financial landscape is fragmented, with each country having its own currency, regulatory requirements, and market dynamics.

M-DAQ Global gives ZEN.COM access to an extensive network of local payment rails and deep expertise in the Asian region. This collaboration is underpinned by solutions that simplify and enhance cross-border transactions.

Virtual Accounts: A Local Payment Experience in Asia

M-DAQ’s ASEAN Payments Hub solution has allowed ZEN.COM to establish Virtual Accounts in countries such as Vietnam, Indonesia, and Hong Kong.

Virtual Accounts enable ZEN.COM’s customers to effortlessly make and receive payments as though they were using local bank accounts, eliminating the need to set up and manage accounts in each country. This unlocks same-day collections and payments across the region, while also reducing costs through the use of local payment rails.

Learn more about ASEAN Payment Hub

FX: Unlocking Near Mid-Market Rates

On the FX front, ZEN.COM utilises M-DAQ’s 4X Forex solution, powered by its proprietary    COM-PLAX™ pricing algorithm. This technology aggregates liquidity from multiple top-tier providers to deliver tight, highly competitive pricing.

Through this, ZEN.COM is able to offer improved rates to customers, enhancing their margins through reduced FX costs.

Learn more about 4X Forex solutions

Strengthening Europe-Asia Financial Connectivity

This partnership marks a significant milestone in bridging the financial ecosystems of Europe and Asia.  

“By addressing the fragmented nature of the Asian market, we aim to simplify market entry for non-local participants. Our partnership with ZEN.COM creates new growth opportunities in Asia for their customers in Europe, underscoring our vision of a World Without Currency Borders™,” says Richard Koh, Founder and Group CEO of M-DAQ Global.

“This partnership with M-DAQ Global enables ZEN.COM to offer more efficient and cost-effective cross-border payment solutions between Europe and Asia. By utilising M-DAQ’s platform, we are improving our ability to provide businesses with local payment options in key Asian markets. This collaboration further strengthens ZEN.COM 's commitment to enhancing financial connectivity and simplifying cross-border transactions for our customers,” adds Oleg Leonov, Global Licensing Director at ZEN.COM.

If you’re interested in enhancing your cross-border payment capabilities, we’d love to explore how we can support your needs.

Talk to us today.