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July 2, 2020

Liquid Group to expand QR payment network to Korea

Liquid Group is set to further strengthen its cross-border contactless QR payment network by expanding to Korea.

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The company will sign a new partnership to make NICE Payments its merchant acquirer in Korea.

The partnership will enable customers of Liquid Group and its issuer partners to make payments at more than 33,000 of NICE’s QR-enabled businesses and other tourist destinations.

Customers can use their preferred payment apps and e-wallets for making local and overseas QR payment transactions.

Alongside, NICE merchants in Korea will be able to utilise Liquid Group’s XNAP Network to support cross-border QR payments.

Liquid Group founder and CEO Jeremy Tan said: “We are thrilled to be joining forces with NICE Payments, which has a phenomenal track record in driving payments for over 30 years.

“It’s a win-win situation for both groups as we share the same vision of accelerating the cashless movement across Asia and making it the super region for QR payments on the global stage.”

NICE Payments CEO Yoon Kyeong Hwang said: “It is meaningful to be a strategic business partner with Singapore-based Liquid Group.

“The partnership with Liquid Group has great significance as NICE Payments will be the first to provide Southeast Asian E-wallet service in Korea, and will lead to great opportunities by creating new growth engine as a global payment platform.”

Headquartered in Singapore, Liquid Group operates as a QR payment services group with a presence across the Asia-Pacific.

In April, the company partnered Maybank Singapore to introduce a QR payment terminal solution for merchants.

Free Report
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Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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