Liquid Group, DCS Synthesis and Jeripay Forge Strategic Partnership to Elevate QR Payments at Retailers in Singapore

SINGAPORE, 6 August 2024 — Liquid Group, a leading digital payments service provider, and DCS Synthesis (DCS) and Jeripay, a leading provider of mall and retail solutions with over 8,000 Android terminals and Point of Sale (POS) services across Singapore, today announced a transformative long-term collaboration aimed at redefining the retail payment landscape in Singapore.

This strategic partnership aims to improve efficiency and enhance the consumer experience by equipping merchants with DCS POS or Jeripay QR-enabled terminals, allowing a broader range of secure local and international payment methods and giving Singapore merchants access to a larger customer base.

Merchants utilising DCS POS or Jeripay EDC terminals can now effortlessly access Liquid Group’s extensive network of domestic and international digital wallets and payment apps through a straightforward configuration process. Merchants can simply enable this feature on their existing terminals to accept Liquid Group’s digital QR payment methods across the APAC region.

Alvin Seck, Chief Commercial Officer at Liquid Group, said, “Through our partnership with DCS Synthesis, we are excited to expand our QR payment acceptance network, bringing convenience and efficiency to retailers in Singapore. This partnership underscores our commitment to driving innovation and improving the payment experience for both merchants and consumers.”

With this collaboration, connected merchants can accept widely used wallets from Liquid Group’s constantly growing number of international network schemes and digital wallets, including AliPay, Alipay+, GLN, Thai QR, Toss Pay, Union Pay QR, UPI QR (India) and WeChat Pay among others. This initiative is especially significant given the millions of Chinese visitors to Singapore and the increase in Indian travellers, which this year has climbed to be among the top three in numbers of visitors to Singapore*.

Jimmy Teo, Managing Director at DCS and Jeripay, commented, “We are thrilled to partner with Liquid Group to enhance the capabilities of our EDC and POS systems. By integrating with Liquid Group's expanding network of international digital wallets, we empower our mall merchants to cater to the diverse needs of global travelers seamlessly. With millions of Chinese visitors and rising Indian travelers to Singapore, this collaboration ensures a smooth and inclusive payment experience for all.”

Key Highlights:

• QR Integration: DCS POS and Jeripay’s EDC systems are now seamlessly equipped to accept QR payments from both local and overseas digital wallets, including UPI India, GLN, Thai QR, and more.
• Streamlined Transactions: The integration of Liquid Group’s issuing portfolio of national QR schemes and digital wallets into DCS POS and Jeripay’s EDC systems ensures that retailers within the network experience secure and streamlined transactions, delivering an improved payment process for consumers.
• Expanded Merchant Network: Connected merchants will enjoy a broader market reach from overseas consumers.
• Enhanced Customer Experience: Merchants will benefit from frictionless payment experience, leveraging Liquid Group’s quick and simple integration to facilitate hassle-free and secure transactions. This enhancement is anticipated to boost customer satisfaction and foster loyalty.

About Liquid Group: Liquid Group is a leading digital payments service provider specialising in innovative payment solutions. With a focus on QR payments and cross-border transactions. Liquid Group aims to simplify and enhance the payment experience for businesses and consumers alike.

About DCS Synthesis: DCS Synthesis Pte Ltd is a leading retail technology solutions provider, founded in 2003, with more than 20 years of experience. Its services include CRM marketing, rewards management, shopper analytics, and POS systems. DCS's customers range from large shopping malls to individual retailers. The company focuses on enhancing efficiency and effectiveness through secure data management and innovative solutions, backed by a deep understanding of the retail industry, delivering high-quality implementations across Southeast Asia.

About Jeripay: Jeripay Pte Ltd, founded in 2017 and a wholly owned subsidiary of DCS, is a pioneer in the industry, being one of the first to develop Android platform solutions with multiple innovative applications on a single device. Today, Jeripay has successfully deployed over 8,000 Android devices across the island, serving most malls and retail stores.

*2024, Singapore Tourism Board (STB)