Singapore’s Liquid Group has expanded its cross-border QR payment partnerships to Hong Kong through a collaboration with Joint Electronic Teller Services Limited (JETCO), which operates one of the largest bank consortiums in Asia.
The partnership will see the adoption of cross-border QR payments by enabling the QR payment apps of both Liquid Group and JETCO’s partner banks to be used in both markets.
Moreover, the initiative will also enhance the payment journey for travellers across Hong Kong and Singapore, providing a payment option with participating merchants in Hong Kong, and likewise, without having to hold physical foreign currencies.
Liquid Group will also work with JETCO to provide additional value-added services to help member banks in delivering innovative services to their customers. The platform will also enable merchants in both Hong Kong and Singapore to launch multiple marketing campaigns with participating payment apps without the need for additional cashier training or verification during checkout.
“We are excited to be moving at pace to advance cross-border QR payments, for which the travellers segment is a key driver. We will continue to partner with various e-wallets and expand the network across the region to enable cross-border payment transactions and facilitate large-scale adoption of QR payment apps,” said Jeremy Tan, Founder, and CEO of Liquid Group.
“Our common goal is to enlarge the mobile payments ecosystem as a whole, accelerating the ‘cashless’ transition of these two societies and yielding benefits to everyone,” said Angus Choi, CEO of JETCO.