Liquid Group, a wholly owned subsidiary of Korvac Holdings Pte. Ltd., has launched a mobile payment network in Singapore called Liquid Pay. 

Consumers who use Liquid Pay can add credit and debit cards to the app, which enables users to compare the various card discounts and merchant rewards when making payments, according to a press release. Merchants accept payments via QR codes without the need to upgrade equipment. Merchants and banks can also deepen engagement with customers by extending dynamic, real-time, hyper-personalized promotions and offers, according to the announcement.

Liquid Pay is available to both Android and iOS smartphone users.

"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 institutions in Singapore and are working closely with government bodies and trade associations to increase access [in this] sector," said Jeremy Tan, CEO of Liquid Group. "In addition, we believe that the Liquid Pay automated storefront payment features can help the service industry maximize productivity and business outcomes by simplifying the service workflow and checkout payment experience."

Liquid Group said that it has successfully completed Liquid Pay trials at select merchant stalls in the Bukit Timah and Tiong Bahru Markets, food and beverage outlets at One-North/Galaxis and at all Spinelli Coffee Company outlets. It expects to deploy Liquid Pay to more merchant centers and food and beverage chains by the end of the year with a target of 25,000 acceptance points in Singapore.

Liquid Pay is also on track to launch in Thailand and Malaysia in Q1 2017, according to the announcement.