Wirecard partners several payments companies to boost QR payments in Singapore

Thursday 25 January 2018 13:44 CET | News

Mobile wallets, acquirers and payment networks, along with Wirecard, have formed a consortium to enable interoperable QR payments in Singapore for consumers and merchants.

The consortium, among which can be listed Diners Club, EZi Wallet, EZ-Link, Liquid Pay, Mastercard, UnionPay International, will support an interoperable QR framework that allows customers to pay with their mobile wallets and cards at consortium merchants. Mobile wallets and acquirers can choose to be supplemented by LiquidNet, an interoperable API platform developed by Liquid Group that is open to debit and credit cards, wallets, telecom providers, payments technology institutions as well as local and international payment apps.

The consortium’s goal is to promote electronic payments in Singapore, in line with the Singapore Payments Roadmap, with the aim of supporting interoperability among 2 million customers and 50,000 merchants in Singapore by the end of the second quarter of 2018.

For more information about Wirecard, please check out a detailed profile of this company in our dedicated, industry-specific online company database.

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Keywords: Wirecard, payments, QR payments, Singapore, mobile wallet, merchant, Diners Club, EZi Wallet, EZ-Link, Liquid Pay, MasterCard, UnionPay International
Categories: Payments & Commerce | Mobile Payments
Countries: World
This article is part of category

Payments & Commerce