FOMO Pay partners with Acentrik to offer an on-ramp/off-ramp payment solution for B2B data marketplace

FOMO Pay has signed a Memorandum of Understanding (MoU) with Acentrik, a strategic product of Daimler South East Asia.
Powered by Blockchain Technology, Acentrik is a decentralized data marketplace built for enterprises to exchange and monetize data. By means of stablecoins as a mode of currency on Acentrik, enterprises can now generate revenue from their data, with data sovereignty ensured during transactions. Data assets on the marketplace are not only on automotive data, but across multiple industries.
Acentrik accepts USDC to facilitate transactions between data consumers and providers. With FOMO Pay, Acentrik’s enterprise customers can seamlessly bridge fiat to crypto and vice versa. This solution will satisfy legal requirements and regulations for enterprises, to establish secure digital payments in the Web3 world today.
“We’re delighted to have FOMO Pay as one of our solution providers on conversion of fiat-crypto currencies. Bearing in mind the needs for our customers, FOMO Pay is a good fit with our product and the nature of economic coherence in a highly digitalized age today.” – Srikanth Kaja, General Manager of Emerging Technologies in Daimler South East Asia.
Now in Enterprise Release, Acentrik is onboarding enterprises to get started on their data monetization journey. Be a user on the data marketplace here <https://acentrik.io/> or get in touch with Acentrik’s team for further information at support-acentrik@mercedes-benz.com.

About FOMO Pay

FOMO Pay Pte Ltd is a major payment institution (License No. PS20200145) in Singapore, licensed by the Monetary Authority of Singapore to conduct Cross-border Money Transfer Service, Domestic Money Transfer Service, Digital Payment Token Service, and Merchant Acquisition Service. Founded in 2015, we have become a leading one stop digital payment and banking solution provider. Acceptance of card payment, QR payment and upcoming crypto currency has increased dramatically as governments around the region push an agenda for creating a cashless society and fostering financial inclusion.
FOMO Pay has enabled merchants and financial institutions to accept a comprehensive suite of payment methods in emerging markets across Asia and Africa. Our partners include NETS, Mastercard, GrabPay, Singtel Dash, WeChat Pay, Shopee Pay etc. FOMO Pay was also one of the founding members of the Singapore Quick Response Code (SGQR) taskforce and contributed to the introduction of the SGQR – a national standard to unify all e-wallets and move towards promoting a cashless society in Singapore. FOMO Pay aims to build Asia’s first licensed gateway helping corporates connect with fiat and cryptocurrency.