Singapore’s fintech firm Liquid Group and UK-based TerraPay have formalised a memorandum of understanding (MoU) focused on advancing interoperability between their respective payment systems, RoamQR and TerraPay’s global platform.
The MoU was signed during the Singapore FinTech Festival 2025.
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The initiative is intended to develop a framework that facilitates QR payments for individuals and businesses in Africa, Asia, and beyond.
The goal is to broaden access to digital finance using interoperable and standards-driven technology.
As per the MoU, the two firms will cooperate on linking regional as well as national payment networks.
They plan to investigate ways to enable QR code payments and settlements in real-time across various countries.
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By GlobalDataRoamQR is designed as a scalable network supporting QR code payments across wallets, domestic networks, and merchant acquirers in multiple markets.
TerraPay’s infrastructure is said to offer secure, compliant transaction capabilities in more than 100 countries, connecting wallets, financial institutions, and acquirers globally.
Liquid Group CEO Jeremy Tan said: “This MoU with TerraPay marks an important step in our efforts to expand RoamQR’s global interoperability. By connecting with TerraPay’s global network, we aim to enable seamless, standards-based QR payments that empower wallet users and merchants across Africa, Asia, and beyond.
“This collaboration reflects our shared vision of building an open, inclusive, and scalable cross-border payment infrastructure.”
The agreement provides a foundation for ongoing joint work on technical integration, regulatory compliance, and the creation of shared interoperability standards for QR transactions.
The companies are expected to launch pilot projects to assess connectivity between participating providers in Africa and Asia.
TerraPay CEO and founder Ambar Sur said: “We are delighted to join forces with Liquid Group to enhance interoperability between our ecosystems.
“As we continue expanding TerraPay’s global network, this partnership brings us closer to creating a world where payments can move securely and instantly across markets — fostering financial inclusion and enabling trade between emerging and developed economies alike.”
