DBS Accelerator 2016 held its Demo Day on 1 November at Lan Kwai Fong, Hong Kong.
DBS Accelerator is a 12-week program held as a combined initiative between DBS Bank (Hong Kong) and Nest, the Hong Kong-based startup incubator. In its second year running, the program aims to spur change and innovation in the financial sector by providing resources, funding and support to startups. Participants also stand to gain from networking with mentors, who are industry leaders in their respective fields.
Co-founder of FOMO Pay, Yang Zhan, presents at DBS Accelerator Demo Day.
7 FinTech startups hailing from different countries, including Hong Kong, China and Singapore, gathered to showcase their solutions for the finale. FOMO Pay was one of the finalists for the program, selected amongst 150 applications from around the world. Others include Flowcast, Hampen Technology, Mindlayer.io, NetGuardians, Playbasis and XinGuo Technology.
Innovative FinTech services were presented during the finale to hundreds of potential investors. These services leverage on technology such as blockchain, data analytics and facial recognition to deliver an extraordinary experience to customers.
FOMO Pay was chosen due to its convenient and practical payment services, which offers a one-stop online and offline payment solution for retailers. Through FOMO Pay, retailers are able to accept mobile payments from Chinese consumers via online and offline channels and hence, tap on the increasing spending by mainland tourists.
About FOMO Pay Pte. Ltd
FOMO Pay is the first authorized WeChat Pay & Baidu Wallet partner in Southeast Asia, and was selected as one of the TOP 100 Asian Companies by E27, TOP 100 Startups by Red Herring Asia, and Top 8 by DBS’ FinTech Accelerator Program.
FOMO Pay provides a one-stop solution for overseas merchants by facilitating payment collection from the China market, including Chinese tourists. This comprises of online/offline Chinese payment modes, such as WeChat Pay, Alipay and Union Pay.
FOMO Pay’s business solution serves clients from a wide range of industries, including the telecom, publishing, tourism and hospitality, F&B, education and retail industries.