Wallet without Borders™
FLIQ
With the growth of digital e-wallet payments and tourism around the world, M-DAQ has developed a cross-border payment solution aimed at helping e-wallet operators enable their users to pay merchants in other countries seamlessly.
INDUSTRIES
E-Wallet Operators
E-wallet operators face significant challenges in acquiring overseas acceptance points – the effort and cost required are high, regulations are complex and licenses are hard to obtain. E-wallet users can only use their e-wallets locally, which is a severe limitation of digital wallets today. FLIQ creates e-wallet interoperability so customers can pay overseas merchants using their local e-wallet seamlessly and securely.
CURRENT SITUATION

High acquisition costs
Significant resources are required to acquire a new merchant – this includes setup, training and deployment – not easily scalable in the long run.

Regulatory barriers
Complex regulatory requirements surrounding cross-border payments and money transfer pose a major challenge for launching an overseas e-wallet operation.

Complex integration
Wallet integrations require major development work involving both front-end and back-end systems of each e-wallet operator, requiring many months to complete.
FLIQ realises the vision of breaking down technological and physical borders to create wallets without borders, enabling local e-wallets to be used to pay merchants in any other country when users travel overseas. It offers substantial benefits to e-wallet operators in the following ways:
> FLIQ eliminates the costs of acquiring merchants in another country and the costs associated with complying to government regulations, while creating new revenue streams
> Through FLIQ, e-wallet operators provide added convenience to their customers when travelling, even guaranteeing FX rates for refund purposes
> Merchants can accept payments from customers’ overseas e-wallets without worrying about initial setup and operational costs
> New use-cases such as cross-border loyalty & rewards, transit and lifestyle services can be added on seamlessly
USING M-DAQ FLIQ SOLUTION, E-WALLET OPERATORS CAN NOW:
Enlarge merchant base by leveraging overseas e-wallet operators on FLIQ
HOW IT WORKS
Connecting And Enabling E-Wallets Everywhere. Plugging Interoperability Into Your Mobile Wallet.
