FOMO Pay COO Zack Yang and FOMO Pay CEO Liu Xi Louis at the NTT DATA Open Innovation Contest 7.0 Grand Finale on March 22, 2018.Local FinTech startup FOMO Pay was awarded the Grand Finale Judge award at the Open Innovation Contest 7.0 held by NTT Data. NTT Data is a leading IT services provider and global innovation partner. The group organized its 7th Open Innovation Contest in search of forming mutually beneficial business alliances among startups, NTT DATA Group and its clients. This year, the competition focused on high-tech startups in the area of FinTech, IoT, energy, insurance tech, healthcare tech, and others. The Grand Finale was held at NTT DATA’s Headquarters in Toyosu, Tokyo, Japan. Finalist teams gathered from 15 countries around the world, after winning preliminary contests held at their home countries earlier this year.
FOMO Pay COO Zack Yang presents to the panelist of judges at the NTT DATA Open Innovation Contest 7.0 Grand Finale.FOMO Pay was awarded for its innovative solutions in addressing business needs. The team recognized that while there are many payment methods in the market in Singapore, such as Alipay, WeChat Pay and Visa, it was a complicated process getting retailers and online businesses to accept all of these payment methods. As a result, FOMO Pay was founded as a platform to unify these payment methods, allowing online and offline businesses to accept a wide variety of cashless payment formats. This is aligned with the Monetary Authority of Singapore's vision in becoming an e-payments society. About FOMO Pay