Liquid Group partners CIMB Niaga to support Bank Indonesia's QR Code standardisation trial (QRIS) for cross-border transactions

Liquid Group and PT Bank CIMB Niaga Tbk announced a strategic partnership to spearhead cross-border QR payment acceptance 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 payment transactions. The QRIS trial was conducted on May 23, 2019 using the CIMB Niaga's digital banking product "Go Mobile" carried out at selected merchants located at Terminal 3, Singapore Changi Airport.

Slated to launch in the 3rd quarter of 2019, Liquid Group and CIMB Niaga will enable the acceptance of participating QRIS compliant payment apps and e-wallets at Singapore Changi Airport through Liquid's integrated QR payments and marketing infrastructure launched back in April this year.

Liquid Group and CIMB Niaga have successfully completed their proof-of-concept with CIMB Niaga's Go Mobile application and QRIS compliant payment apps and e-wallets. With the integration of Bank Indonesia's QRIS code into Liquid Group's cross-border payments platform, Indonesian travellers will be able to use their preferred local payment apps to make purchases at Changi Airport.