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.
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