Singapore’s Liquid Group partners with PayME to expand payment network

By Edil Corneille

Singapore-based Liquid Group, a regional mobile payment services company, will partner with PayME as its merchant acquirer in Vietnam. 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 with merchants from PayME’s network in Vietnam, starting with cities like Ho Chi Minh, Ha Noi, Danang, Nha Trang.

Established in January 2010, PayME is a subsidiary of MECorp – a game development company and provider of entertainment services on a mobile digital platform. In 2019, PayME was one of the licensed organisations to provide intermediary payment services such as cash collection and payment services, electronic money transfer and e-wallet services by the State Bank of Vietnam.

Minh Nguyen, COO, PayME apprised, “Liquid Group is the largest mobile payment platform in Southeast Asia. The mutual cooperation with Liquid Group will enable its partners’ users in the Southeast Asian countries to make payments at Vietnamese local merchants more easily.”

With the development of mobile payments and e-commerce in Vietnam, PayME merchants will be able to accept cross-border merchant and consumer-present QR code payment transactions, as well as online QR payments for merchants with e-commerce presence using Liquid Group’s XNAP Network.

Jeremy Tan, Founder and CEO, Liquid Group enthused, “We are excited with our latest partnership with PayME, expanding our regional XNAP Network to include Vietnam and to help drive the next phase of growth in both online and offline markets. 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.”

Further to the launch of XNAP Network, Liquid Group has adopted large-scale cross-border QR payments with a series of strategic partnerships across several markets in the region. Liquid Group will continue to drive the next phase of growth in mobile payment solutions, deepening the payment and shopping experiences with complementary e-commerce platform for both consumers and merchants.