Liquid Group, in partnership with Vietnam’s National Payment Corporation (NAPAS) and VietinBank, launched a cross-border QR payment service connecting Vietnam and Singapore on July 2, 2026. The service allows users of participating Singapore payment apps to scan VietQRGlobal codes at Vietnamese merchants, with NAPAS citing strong bilateral tourism flows as a key driver behind the launch.
Key Facts At A Glance
- Service launched July 2, 2026, in Hanoi by NAPAS, Liquid Group and VietinBank
- Singapore users can scan VietQRGlobal codes at Vietnamese merchants via Liquid Group’s RoamQR network
- Transactions settle in real time with automatic SGD-VND conversion
- Initial rollout expected to reach approximately 5 million users through Liquid Group’s Singapore partner network
- Singapore is NAPAS’s sixth cross-border QR market overall and fourth within ASEAN
- VietinBank serves as the settlement bank for the service
- Vietnam recorded 10.6 million international arrivals in the first five months of 2026, up 14.9% year-on-year
- Reverse payment flow, from Vietnam to Singapore, is planned for later in 2026
Vietnam’s National Payment Corporation, Singapore-based Liquid Group, and Vietnam Joint Stock Commercial Bank for Industry and Trade jointly launched a cross-border QR payment link between the two countries on July 2, 2026. The service allows users of participating Singapore payment applications to scan VietQRGlobal codes at merchant locations across Vietnam without exchanging currency or carrying cash.
The payment mechanism runs on Liquid Group’s RoamQR network, which connects to NAPAS’s domestic QR infrastructure in Vietnam. Transactions process in real time, with automatic currency conversion between the Singapore dollar and the Vietnamese dong. VietinBank acts as the settlement bank for transactions moving through the link.
Market Context
The launch extends NAPAS’s cross-border QR payment network to six countries and territories, with Singapore becoming the fourth ASEAN market connected to Vietnam’s QR system, following existing links with Thailand, Laos and Cambodia. During the initial rollout, NAPAS expects the service to reach approximately 5 million users through Liquid Group’s partner ecosystem in Singapore, with figures expected to grow as that network expands.
The timing follows sustained growth in bilateral tourism. Vietnam recorded 10.6 million international arrivals in the first five months of 2026, an increase of 14.9% year-on-year, with Singapore among the fastest-growing source markets. A Changi Airport Group survey found that three in five Singaporeans have visited Vietnam, with 95% expressing intent to return, a pattern the companies cited as underpinning demand for cashless cross-border payment options.
Next Steps
NAPAS and its partners have outlined plans to launch a reverse payment flow, allowing Vietnamese travellers to pay merchants in Singapore, later in 2026. That addition would complete a two-way QR payment corridor between the two markets.