--Liquid Group will strengthen its cross-border contactless QR payment network 
through a strategic collaboration with NICE Payments ("NICE") as its partner 
acquirer in Korea. 
--The partnership will expand the international merchant pool of Liquid Group 
and its issuer partners as well as enable NICE's merchants to accept QR 
payments from the customers of Liquid Group and its issuer partners across the 
region. 
--Customers of Liquid Group and its partners will also enjoy the convenience of 
using their preferred payment apps for their overseas QR payment transactions 
at NICE's extensive network of merchants in Korea.


Liquid Group, a regional mobile payment services group headquartered in 
Singapore, will partner with NICE Payments ("NICE") as its merchant acquirer in 
Korea.

Nice Payments, a subsidiary of NICE Information & technology, is the payment 
specialist of NICE Group, the biggest financial infrastructure group in Korea. 
Nice Payments has continued to develop and lead the rapidly changing payment 
and settlement market to meet the various needs of its customers, processing an 
annual transaction amount exceeding KRW 19 trillion (as of 2016).

Through this partnership, customers of Liquid Group and its issuer partners 
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, including one of the largest duty-free shops in Korea and many other 
popular tourist destinations. This will be followed by rolling out to over 
700,000 of its credit card merchants base at a larger stage. This also expands 
the international merchant base for Liquid Group and its partners.

Likewise, 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.

Travellers will stand to benefit from a seamless cross-border payment journey 
using their trusted 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. 

Yoon Kyeong Hwang, CEO of NICE Payments, said: "It is meaningful to be a 
strategic business partner with Singapore-based Liquid Group," and emphasized 
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."

Jeremy Tan, Founder and CEO of Liquid Group, said: "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."

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

Media Contact for Consortium

TH Kim
E: thkim@nicepay.co.kr
M: +82-10-6714-4904

Pengene Lee
E: pengene.lee@liquidpay.com
D: +65-272-5115
M: +65-9745-5223

About NICE Payments 

NICE Payments is the payment system specialist of NICE Group that has grown as 
a global financial infrastructure group for the past 30 years and focusing on 
electronic payment service. In addition to online and offline electronic 
payment services, NICE Payments provides the largest E-wallet payment 
integrated platform service in partnership with major simple payment companies 
to lead the recent payment market trend. In order to become a global PG 
business operator, NICE Payments has been providing PayPro service, Chinese 
E-wallet platform, for domestic merchants since 2017 with WeChat and Alipay and 
expanding their overseas payment business area through various alliances with 
global payment providers.

About Liquid Group

Liquid Group is a leading QR payment services group headquartered in Singapore 
with a presence across the Asia-Pacific. It operates XNAP Network 
(www.xnap.network), an open API based QR payment acceptance network that 
enables the cross-border acceptance of bank and non-bank QR payment apps across 
multiple markets in the region. By spearheading the largest cross-border 
interoperability framework, Liquid Group is an industry leader in the creation 
of a more connected and robust mobile payment ecosystem for all.

SOURCE  Liquid Group

Image Attachments Links:

   Link: https://iop.asianetnews.net/view-attachment?attach-id=366393

   Caption:  Mr Hwang Yoon Kyeong (CEO, NICE Payments) with Andrew Ahn (Head of 
Business Development - North East Asia, Liquid Group) at NICE Payments and 
Liquid Group strategic partnership signing ceremony.