Liquid Group Extends Reach
The Singapore-headquartered regional mobile payment services group is strengthening its cross-border contactless QR payment network with a strategic collaboration in Vietnam.
Under a partnership with merchant acquirer PayME – Vietnam's first and only cross-border payment service provider – merchants will be able to accept cross-border contactless QR payment in stores, allowing users across Southeast Asia to make payments at Vietnamese merchants more easily
In addition, PayME merchants with an e-commerce presence can also enable online QR payment solutions, according to an announcement on Tuesday.
Liquid Group previously announced strategic partnerships to enable cross-border QR payment acceptance in Thailand, Taiwan and Hong Kong.
Changing User Behavior
According to Liquid Group, the mobile payments and e-commerce space is rapidly growing in Vietnam, as user and merchant behaviors have changed amid Covid-19, which has accelerated the use of contactless payments.
«Covid-19 has driven an increase in consumer and merchant demand for mobile payment solutions as a contactless alternative to cash and we are quick to pivot and expand our payment solutions to include online QR payments,» said Jeremy Tan, founder and CEO of Liquid Group.
