The LiquidNet open API platform allows banks, mobile app developers, enterprise system integrators as well as digital service providers to collaborate and develop interoperable open loop payment services
Liquid Pay, a mobile payment platform that integrates payments with price discovery and discounts, officially launched in Singapore today.
With a full suite QR code-based Acceptance Workflow Library, Liquid Pay helps consumers, merchant verticals and financial institutions create new payment services, rules, interactions and experiences and drive value to consumers through its dynamic pricing engine.
The launch of Liquid Pay further expands Singapore’s range of cashless payment options as the nation works towards becoming an inclusive and innovative electronic payments society.
“Singapore is aiming to be a truly cashless society, and we believe Liquid Pay is well placed to support and propel this initiative. As a start, we are rolling out Liquid Pay to a range of food and beverage (F&B) institutions in Singapore and are working closely with government bodies and trade associations to increase access to the F&B sector,” said Jeremy Tan, Chief Executive Officer of Liquid Group. “In addition, we believe that the Liquid Pay automated store front payment features can help the service industry maximise productivity and business outcomes by simplifying the service workflow and checkout payment experience”.
Liquid Pay enables the payment of goods and services seamlessly and conveniently via smartphones. By adding their credit and debit cards onto the Liquid Pay app, consumers are able to compare the various card discounts and merchant rewards when making payments. Merchants accept payments via QR codes without the need to upgrade equipment or make any costly upfront investment. Merchants and banks can also deepen engagement with customers by extending dynamic, real time, hyper-personalised promotions and offers.
“We are driving what we term “interoperable innovation”. With our LiquidNet Open API Platform, we enable interoperability between digital app services, enterprise systems and bank payment platforms.” said Matthew Quinlan, Chief Technology Officer for Liquid Group. “Built using the latest advanced technologies we incorporate state of the art security, authentication and fraud management systems to support large scale deployments.”
Liquid Pay’s robust architecture also enables banks and merchants to introduce e-cards (pre-paid, debit, credit, discount and gift cards) instantaneously, with contextual data analytics for deep consumer insights. Liquid Pay users will be able to enjoy incredibly targeted and dynamic discounts and promotions.
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