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January 31, 2022

Liquid Group, Aplus partner on cross-border QR payments in Japan

Liquid Group, a cross-border digital payments provider, has joined forces with Aplus on cross-border QR payments for inbound transactions in Japan.

The partnership will see Aplus, a payment and consumer credit company firm, become Liquid Group’s first XNAP acquirer in Japan.

It will allow Aplus’ merchants in Japan to accept multiple XNAP digital wallets from multiple nations, initially from Singapore.

XNAP is a regional QR payment acceptance network that enables the cross-border acceptance of bank and non-bank QR wallets and payment apps.

Liquid Group, based in Singapore, said that its XNAP platform now extends to markets including Singapore, Malaysia, Thailand, Philippines, Vietnam, Cambodia, Hong Kong, Taiwan, Mainland China, and South Korea. 

Aplus’ merchant network will allow XNAP digital wallets in these markets to expand into Japan when they are ready. 

Shinsei Bank’s main subsidiary Aplus offers financial services to consumers and merchants that include credit, settlement services, acquiring merchants for domestic and foreign QR code payments among others.

Liquid Group founder and CEO Jeremy Tan said: “After close to two years of minimal cross border travel, we are honoured to partner Aplus and their merchants to support the resumption of cross border tourist spending as travel gradually opens across the Asia Pacific. We look forward to a successful 2022 ahead with Aplus.”

Aplus CEO Tetsuro Shimizu said: “Aplus has been promoting multi-acquiring of overseas code payments since 2016 when we became WechatPay’s first acquirer in Japan. With the launch of Liquid Group’s XNAP, we will be able to provide payment services in a wide range of countries, starting with Singapore. 

“We are honoured to launch XNAP in Japan, and we will further expand its payment services to Japanese merchants to enhance the customer experience for inbound tourists in Japan.”

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