Liquid Group, a digital payments solutions provider, announced the launch of roamQR, a new QR payment switch solution designed to simplify cross-border payments across the Asia-Pacific region.
Building on the success of SGQR+ initiatives Led by the Monetary Authority of Singapore (MAS), roamQR enables interoperability between various e-wallets, mobile payment apps, and national QR networks.
The initiative supports both e-money “push” transactions, where funds are transferred directly from a user’s e-wallet, and “pull” QR payments linked to a card scheme, allowing both consumers and merchants to The aim is to create a more seamless and efficient payment experience for customers. , funds are withdrawn from the user’s linked bank account.
roamQR allows users to make payments at participating merchants in different countries using their preferred e-wallet.
The platform is singapore fintech festival We work with partners such as Changi Pay, DCS Card Centre, eft Payments (Asia) Limited, FavePay, GLN, Google Pay, MariBank, Pyng, ShopeePay, and WeChat.
Expansion into other major markets is planned for the first quarter of 2025, including Japan, China, Hong Kong, South Korea, Brazil, Philippines, Vietnam, Cambodia, Malaysia, Australia, and India.
roamQR is expected to connect around 50,000 merchants in Singapore and over 50 million merchants worldwide.
The platform complies with industry security standards and is both PCI DSS and ISO 27001 certified.
Jeremy Tan, CEO liquid groupsaid,
“The launch of roamQR highlights the critical importance of interoperability in today’s QR payment environment. Acting as a switch, it enables connectivity between different e-wallets, merchant acquirers, and national networks. and ensure everyone is included and recognized within the network.
This many-to-many approach fosters competition and drives improvements and innovations that benefit both consumers and sellers. Working together with industry stakeholders will make us stronger, and our collective efforts will strengthen our services and create a more vibrant payments ecosystem for everyone. ”
Featured image credit: Edited from freepic
