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CARDS & PAYMENTS | Staff Reporter, Singapore
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CIMB Niaga and Liquid Group to launch cross-border QR payments between Singapore and Indonesia

Indonesian travellers will soon be able to use local payment apps at Changi airport.

CIMB Niaga Tbk (CIMB Niaga) has tied up with regional payment provider Liquid Group to spearhead a new cross-border QR payment solution between Singapore and Indonesia.

The partnership was initiated through their joint participation in Bank Indonesia's Quick Response Indonesian Standard (QRIS) trial for cross-border transactions that used CIMB Niaga’s digital banking product “Go Mobile” and carried out at selected merchants located at Terminal 3, Singapore Changi Airport.

Slated for launch later this year, the integration of Bank Indonesia’s QRIS code into Liquid Group’s cross-border payments platform is set to enable the acceptance of participating QRIS-compliant payment apps and e-wallets through Liquid’s integrated QR payments and marketing infrastructure. As a result, Indonesian travellers will be able to use preferred local payment apps to make purchases at Changi airport. 

Additionally, CIMB Niaga and Liquid Group will look into opening the Singapore–Indonesia corridor for QR payments that will enable the acceptance of Singapore’s local payment apps and e-wallets at participating merchants in Indonesia.

“Accelerating the adoption of QR payments across borders is our key mission and we appreciate the vote of confidence given to us by CIMB Niaga,” Jeremy Tan, CEO, Liquid Group, said. “We look forward to expanding the acceptance of QR payment apps and e-wallets from both Singapore and Indonesia on our cross-border payment platform.”

Liquid Group earlier tied up with Joint Electronic Teller Services Limited (JETCO) to enable cross-border QR payment acceptance in Singapore and Hong Kong in May.

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