Liquid Group and Wing Partner Up for Cross-Border Payment in Cambodia

SINGAPORE/CAMBODIA, 10 September 2020 – Liquid Group, a regional mobile payment services group headquartered in Singapore, will partner with Wing (Cambodia) Limited Specialised Bank, Cambodia’s leading mobile banking services provider, to enable cross-border QR payments for inbound transactions into Cambodia.

Mr. Manu Rajan, CEO of Wing, said: “We are excited and really looking forward for this
collaboration with Liquid Group, a leading QR payment services group. This collaboration reflects
our strategic approach in providing convenient access to mobile financial services that are safe,
secure and instant to every customer through our robust ecosystem and partners across the
region. Wing has always made efforts to provide more for our customers.”

With this partnership, Liquid Group and Wing will support cross-border merchant- and consumer-presented QR code payment transactions, enabling Wing’s merchant partners across the kingdom of Cambodia to accept QR payment apps of Liquid Group and its partners. This partnership will also expand the international merchant pool of Liquid Group and its partners.

Launched in 2009, Wing is one of the most recognized and trusted brands in mobile money and
electronic payment services market with a widespread network of over 8,000 Wing Cash Express
agents countrywide, serving 5 million customers in the Kingdom of Cambodia.

Jeremy Tan, Founder and CEO of Liquid Group, said: “Following the establishment of our integrated regional payment network – XNAP in 2019, we are excited to head into our second year of
opening up new corridors across the region to facilitate cross-border QR payments across
Singapore, Hong Kong, Indonesia, the Philippines, Taiwan, Thailand and now Cambodia. We are
delighted to partner with Wing, Cambodia’s leading mobile payments player, allowing us to
support financial inclusion for the underbanked and unbanked communities in Cambodia, in
tandem with our goal of advancing cashless societies across the region.”

Further to Liquid Group’s launch of the world’s first integrated payments and marketing infrastructure at Singapore’s Changi Airport in April this year, Liquid Group has sustained its lead in spearheading the adoption of cross-border QR payments with a series of strategic partnerships for QR payments across Singapore–Hong Kong, Singapore–Indonesia and most recently, Singapore–Philippines.

Liquid Group will also partner with Wing to deliver additional innovative value-added services to
their customers through its integrated cross-border payment and marketing platform for partners.



About Liquid Group

Liquid Group is a leading QR payment services group headquartered in Singapore with a
presence across the Asia-Pacific. It 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 payment apps across multiple markets in the region. By spearheading the largest
cross-border interoperability framework, Liquid Group is an industry leader in the creation of a
more connected and robust mobile payment ecosystem for all.

About Wing (Cambodia) Limited Specialised Bank

Wing (Cambodia) Limited Specialised Bank is Cambodia’s leading mobile banking services
provider and is one of the few specialized banks in the world. Established in 2009, Wing has
transformed the way Cambodians send and receive money, using mobile phones for anytime-anywhere
convenience.

Wing remains at the forefront of the mobile money and electronic payment services market in
Cambodia with 100% district coverage through our nationwide network of over 8,000 Wing Cash
Xpress outlets. It has partnerships with over 40,000 merchants, including both local vendors and
global industry leaders such as Mastercard, MoneyGram, AliPay, WeChat Pay and Western Union.
Wing also provides funding and payment solutions to the corporate sector via our enterprise
services. Small and medium-sized enterprises (SMEs) and larger companies can use Wing’s payroll
and disbursement services for employees, helping to encourage the growth and spread of our
payment ecosystem.

For more information, please visit www.wingmoney.com