Emerging Enterprise Award 2018-Disruptive Innovation-FOMO Pay-Cashless Payment

FOMO Pay recognised with Emerging Enterprise Award 2018


Award Winners at the Emerging Enterprise Award 2018 together with Senior Minister of State for Trade & Industry, Dr Koh Poh Koon, OCBC Head of Global Commercial Banking, Mr Linus Goh and The Business Times Editor, Mr Wong Wei Kong.

We are proud to announce that FOMO Pay is recognised with the SG SME Emerging Enterprise Award 2018, for its enterprising mindset, excellent business performance and business potential. We are grateful for the honour from the judges as well as clients and partners who supported us along the way, contributing to the cashless society and Smart Nation with our innovative technology.

FOMO Pay started in 2015, which acts as a one-stop mobile payment aggregator that helps merchants connect both offline and online mobile wallet and credit cards. To date, FOMO Pay have more than 10 giant payment solution partners offering different QR code payment such as NETS QR, Grab Pay, WeChat Pay, mVisa, Singtel Dash and many more.

Its innovative solutions had helped merchants and SME to save time and resources by simplifying payment solution adoption processes and flow, which companies can adopt a whole range of cashless payment solution with FOMO Pay within a few working days.

Previously, it takes at least 1 week for companies to contact different individual payment solution to adopt its respective services. Furthermore, merchants need to contact multiple solution provider in time of dispute or speak to multiple provider for account settlement, which now can be done through FOMO Pay one-stop mobile app or merchants’ portal.

FOMO Pay is also a proud member of the SGQR initiative launched in September earlier this year, initiated by Monetary Authority of Singapore (MAS) & Infocomm Media Development Authority (IMDA). As one of the pioneering key aggregators for QR code payment solution in Singapore, its experience had provided MAS with valuable insight in the development of SGQR. As the launched of the SGQR, FOMO Pay hope to continue to help merchants adopt cashless payment methods and help Singapore move into a cash light society.

The Emerging Enterprise Award 2018 marks its 11th year of award’s celebration of business innovation, resilience and excellence in SMEs this year. Since 2008, the award has been empowering startups and young enterprise with both recognition and resources, providing them a push to further success.

The annual awards, jointly organised by The Business Times and OCBC Bank, celebrate Singapore's young businesses with annual sales turnover of up to S$20 million, and is the only such prize for entrepreneurship here, shining a spotlight on this group of businesses.

The awards are supported by ACORN Marketing & Research Consultants, Enterprise Singapore, INSEAD, MasterCard, RSM, Singtel and Wavemaker.


About FOMO Pay

FOMO Pay provides one-stop QRCode Payment Solution which enables merchants to accept a full suite of new payment methods including WeChat Pay, NETSPay, mVISA, Grab Pay, Baidu Wallet, Best Pay, etc. Launched in 2016 with more than 1000 merchants acquired within a year, FOMO Pay is trusted by major companies including SPH, Marina Bay Sands, StarHub, JUMBO, Club 21, CHANEL, etc. With FOMO Pay, merchants can unlock true business potential by giving customers the payment options they prefer and adopt cashless payment easily. FOMO Pay is also sitting in MAS SGQR Taskforce to promote QR code payment and make Singapore a cashless society.