Singapore-based mobile payment company Liquid Group announced its latest partnership today (23 May 2019), with Joint Electronic Teller Services Limited (JETCO).
JETCO is one of the largest bank consortiums in Asia, with over 30 member banks across Hong Kong and Macau, and operating more than 3,000 ATMs in Hong Kong, Macau and China.
The two come together to enable cross-border QR payment acceptance across their merchant networks between Singapore and Hong Kong.
With this, travellers between Hong Kong and Singapore will have a more convenient payment option for their dining and shopping, without having to carry foreign currencies.
Singapore customers of Liquid Group’s partner banks will be able to use their respective QR payment apps at participating merchants in Hong Kong.
Likewise, customers of JETCO’s member banks can do the same with participating merchants in Singapore.
Liquid Group and JETCO will also work to provide additional value-added services to help member banks deliver innovative services to their customers.
For example, merchants in both Hong Kong and Singapore will be able to launch multiple marketing campaigns with participating payment apps, giving customers access to their promotions and deals on more platforms.
Liquid Group’s founder and CEO Jeremy Tan says the firm is “excited to be moving at pace to advance cross-border QR payments, for which the traveller segment is a key driver.”
He also says they will continue expanding their network across the region to “facilitate large-scale adoption of QR payments”.
In April, Liquid Group also partnered Changi Airport Group to enable merchants across all terminals to accept various QR payment apps including GrabPay, SingTel Dash, WeChat Pay, Alipay, and it’s own app Liquid Pay.
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