Homegrown payments technology company, Liquid Group, has partnered UnionPay International to enable consumers using UPI banks’ mobile QR payment apps to pay at the Group’s network of merchants.
The partnership will see the two parties piloting the service at hawker centres currently already on the LiquidPay app, while full rollout to the Group’s other merchants is expected to complete by the third quarter of this year.
Jeremy Tan, CEO of Liquid Group, said, “Interoperability and universal acceptance are critical components towards enabling and progressing Singapore to truly become a cashless society. This partnership enables over 60 million international and local UnionPay QR app users to pay on our network of merchants.”
The LiquidPay QR code is currently being consolidated into the nationwide SG QR standard that is being adopted and deployed by payment service providers in Singapore through 2018 . Liquid Group is a member of the SQ QR taskforce.
Re-disseminated by The Asian Banker