Singaporean mobile wallet providers form payment consortium

In Singapore, seven mobile wallet providers have formed a payment consortium as part of an effort to promote electronic payments in Singapore and 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. The consortium will support a payment network which allows consumers to pay via QR code and is being supported by the API framework LiquidNet, a platform developed by the Liquid Group that is capable of accepting debit, credit, telecom and international payment apps in addition to mobile wallet payments.

The seven members of the consortium are: Diners Club, EZi Wallet, EZ-Link, Liquid Pay, Mastercard, UnionPay International and Wirecard.

Source: bankinnovation.net