Mobile payments company Liquid Group has teamed up with Asia United Bank (AUB) to facilitate cross-border QR payments between Singapore and the Philippines.
Local merchants will be able to accept Liquid Group and its partners’ QR payment apps via the AUB PayMate app. PayMate is a cashiering service that processes e-wallet payments using a mobile app.
In addition, merchants can accept payments via a web portal and an API.
The new service is available for all types of businesses, including self-employed clients, across food and beverages, entertainment and retail industries, among others.
Liquid Group expects the alliance to boost international merchant pool for the company and its partners. Meanwhile, AUB and its merchants can extend financial services to an emerging tourist market.
AUB president Manuel Gomez said: “After the launching of WeChat Pay, Alipay and UnionPay QR payment acceptance from Chinese tourists in the Philippines through the AUB PayMate facility, the partnership with Liquid Group is an innovative avenue to accept QR payments from Singaporean tourists.
“This collaboration also positions AUB as a strong acquirer of cross-border QR payments in the future since the Liquid platform will allow other Asian tourists using e-wallets to do QR payments as well.”
The partnership is said to facilitate fast and easy mobile payments for merchants. Travellers will benefit from cashless, cross-border payments in the Philippines using Singapore QR apps.
Customers will also receive real-time alerts on payment statuses and can view online transaction history.
Liquid Group founder and CEO Jeremy Tan said: “With AUB’s track record in on-boarding major QR brands in the local market, we look forward to expanding our regional network and giving merchants of all sizes the opportunity to access international markets through our platform.”