Liquid Group, NICE Payments to expand expand cross-border contactless QR payment network in Korea

Source: IBS Intelligence 2020-07-02

Singapore-based Liquid Group, a regional mobile payment services organisation will partner with NICE Payments (NICE) as its merchant acquirer in Korea. The collaboration encompasses the customers and issuer partners of Liquid Group in a way that they will be able to use their preferred payment apps and e-wallets for their local and overseas QR payment transactions at more than 33,000 of NICE’s QR-enabled merchants.

Yoon Kyeong Hwang, CEO, NICE Payments stated, “It is meaningful to be a strategic business partner with Singapore-based Liquid Group,” and emphasised that, “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.”

Nice Payments, a subsidiary of NICE Information & technology, is the payment specialist of the NICE Group, a financial infrastructure organisation in Korea.

Jeremy Tan, Founder and CEO, Liquid Group enthused, “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.”

Through Liquid Group’s XNAP Network which supports large-scale QR acceptance and usage in both local and overseas markets, NICE merchants in Korea will be able to support cross-border QR code payment transactions.

Further to the launch of XNAP Network to drive interoperability of cross-border QR payment service providers, the group has mentioned that it has sustained its lead with a series of strategic partnerships across several markets in the region. It will continue to explore more international partnerships to further its vision of creating a connected and robust QR payment ecosystem for all.

Travellers are expected to stand to benefit from a seamless cross-border payment journey using the local payment app to make mobile payments overseas, while enjoying greater convenience and enhanced security features such as the ability to monitor their account balance and keep track of their transactions.

Liquid Group

NICE

Liquid Group, NICE Payments to expand expand cross-border contactless QR payment network in Korea

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