Liquid Group and TerraPay Sign MoU to Advance Cross-Border QR Interoperability Across Africa, Asia, and Global Markets

Framework Signed at Singapore FinTech Festival 2025 to Explore Seamless QR Payment Connectivity Between RoamQR™ and TerraPay’s Global Network

Singapore, 13 November 2025 – Liquid Group, a Singapore-based fintech company specializing in cross-border digital payments, and TerraPay, a leader in simplifying global money movement headquartered in London, have signed a Memorandum of Understanding (MoU) to explore interoperability between RoamQR™, Liquid Group’s interoperable QR payment network, and TerraPay’s global payment infrastructure. The collaboration aims to create a cross-network framework that enables consumers and merchants across Africa, Asia, and other global regions to make and receive QR payments seamlessly, expanding access to digital financial ecosystems through a standards-based, interoperable approach.

Driving Global Interoperability

Under the MoU, Liquid Group and TerraPay will work together to establish a secure and scalable bridge between national and regional payment networks, exploring potential integrations that enable real-time QR acceptance and settlement across multiple markets. RoamQR™ is an industry-led QR interoperability network providing a standards-based, scalable foundation for connecting wallet ecosystems, national QR networks, and merchant acquirers across markets. TerraPay’s global payments infrastructure enables interoperability across more than 100 markets, supporting secure and compliant transaction processing between financial institutions, wallets, and acquirers worldwide. Through this collaboration, Liquid Group and TerraPay aim to establish a mutually aligned interoperability framework that supports cross-border QR payments across Africa, Asia, and other connected regions — empowering consumers and merchants through a unified, open, and inclusive approach.

Remarks from Liquid Group

"This MoU with TerraPay marks an important step in our efforts to expand RoamQR's global interoperability. By connecting with TerraPay's global network, we aim to enable seamless, standards-based QR payments that empower wallet users and merchants across Africa, Asia, and beyond. This collaboration reflects our shared vision of building an open, inclusive, and scalable cross-border payment infrastructure."

— Jeremy Tan, Chief Executive Officer, Liquid Group

Remarks from TerraPay

"We are delighted to join forces with Liquid Group to enhance interoperability between our ecosystems. As we continue expanding TerraPay's global network, this partnership brings us closer to creating a world where payments can move securely and instantly across markets - fostering financial inclusion and enabling trade between emerging and developed economies alike."

— Ambar Sur, Founder & Chief Executive Officer, TerraPay

A Framework for Future Collaboration

The MoU serves as a strategic framework for future cooperation, focusing on technical integration, compliance alignment, and the development of common interoperability standards for QR payments. Both organizations will jointly explore pilot implementations to test and demonstrate cross-network connectivity between participating payment providers in Africa and Asia. The signing took place on the sidelines of the Singapore FinTech Festival 2025, highlighting the growing momentum behind industry-driven efforts to make cross-border payments simpler, faster, and more inclusive.

About TerraPay

TerraPay simplifies global money movement, providing a single connection to one of the most expansive cross-border payment networks, regulated across multiple markets. Our network enables payments to receiving and sending countries worldwide, reaching a vast network of mobile wallets, bank accounts, and cards. On a mission to create a borderless financial world, TerraPay makes money transfers instant, reliable, transparent, and fully compliant for its partners, connecting them to 3.7Bn+ mobile wallets, 7.5Bn+ bank accounts, in over 150+ countries. We work behind the scenes as the trusted partners for some of the world’s most innovative financial players, from banks and digital wallets to MTOs, merchants and fintech platforms.

Since its founding, TerraPay has built a global interoperable wallet network that advances financial inclusion, even in hard-to-reach markets. TerraPay is headquartered in London, with offices in cities including Bangalore, Dubai, Bogotá, Dares Salaam, Kampala, and Singapore. Backed by leading investors such as the IFC(World Bank), Prime Ventures, Partech Africa, and Visa, TerraPay continues to expand its global footprint.

www.terrapay.com.

About Liquid Group

Liquid Group is a Singapore-based fintech company specializing in cross-border digital payments. Through its RoamQR™ network and regional partnerships, Liquid Group enables secure, interoperable, and seamless transactions across Asia and beyond, linking domestic payment ecosystems under a scalable orchestration framework. www.liquidgroup.sg.

About RoamQR™

RoamQR™ is Singapore’s interoperable QR payment network, developed and operated by Liquid Group. It connects banks, wallets, non-bank financial institutions, and acquirers — including 10 payment apps and digital wallets together with 11 merchant acquirers across multiple financial institutions in Singapore.

As the network continues to grow its reach locally and beyond Singapore, RoamQR™ serves as a payment orchestration framework that links Singapore’s payment ecosystem with partner national networks and regional payment systems, enabling seamless, interoperable cross-border transactions across regional and international markets. Its open architecture supports both bilateral interoperability between Singapore and partner systems and multi-network connectivity, paving the way for future cross-linkages among participating payment networks and fostering seamless regional and global payment integration.

Media Contact
Anna Karlsson 
HP: +65 9272 7989 
Email: anna.karlsson@liquidgroup.sg