SINGAPORE, 26 July, 2021
Liquid Group Pte. Ltd, a leading cross-border digital payments provider, announces the launch of B2B and B2C payment solutions through its Corporate Payment Portal for real-time collection and payment of invoices and payroll payouts for businesses in Singapore today.
Leveraging on its direct connection to FAST and PayNow, Liquid Group is expanding its offering to include B2B and B2C payments for corporates, marketplaces as well as trade and logistics platforms. Liquid Group’s Corporate Payment Portal provides faster and economic domestic and cross-border payments and will help businesses digitalize and automate their corporate payment processes through one simple and powerful platform.
The platform offers highly competitive wholesale FX rates and supports multiple payment modes such as corporate QR payments, direct debit, and bank transfers. With an expanding set of APIs supporting seamless integration to partner systems, Liquid Group leverages on real time payment systems to enable automated just in time payments for businesses.
It is available 24/7 enabling corporates, marketplaces, trade and logistics companies to process B2B and B2C payments instantaneously, preventing any delays during weekends and public holidays.
According to an article by Finextra, the global B2B online marketplace is expected to hit US$ 4 trillion in spending by 2025. B2B marketplaces offers huge visibility and convenience for both buyers and sellers in B2B commerce and represent a large opportunity as they are set to take an increasing share of a growing e-commerce market.
In addition, the Payment Portal also enables real-time payroll payouts in Singapore and select overseas markets, for our partner payroll management companies, gig economy marketplaces and social commerce platforms.
Jeremy Tan, Founder and Chief Executive Officer of Liquid Group, said, “We are excited at the rollout of our latest cross border global payment solutions targeted at the B2B and B2C segment. By combining domestic real-time payments with our cross-border network, we look forward to making real-time cross border payments a reality soon.”
About Liquid Group
Liquid Group Pte. Ltd. is a leading fintech Company headquartered in Singapore with presence across the Asia-Pacific. It provides domestic and cross-border corporate payment solutions for companies across B2B and B2C segments.
Liquid Group also operates XNAP Network (www.xnap.network), an open API based QR payment acceptance network that enables the cross-border acceptance of bank and non-bank QR wallets and payment apps across multiple markets in the region.
Liquid Group Pte. Ltd. is regulated as a Major Payment Institution by the Monetary Authority of Singapore to conduct Account Issuance Service, E-money Issuance Service, Merchant Acquisition Service, Domestic Money Transfer Service, and Cross-border Money Transfer Service. It is also a Non-Bank Financial Institution participant of Singapore’s PayNow and FAST network.