FOMO Pay launches OCBC virtual account services for merchants, corporates, and institutions

FOMO Pay launches OCBC virtual account services for merchants, corporates, and institutions
  • 04 Mar 2024

FOMO Pay, a leading major payment institution headquartered in Singapore, today announces the launch of OCBC Virtual Account services, expanding its digital payment offerings tailored for merchants, corporates, and institutional clients.

FOMO Pay’s iBank solution allows clients to enhance operational efficiency and financial workflows through seamless management of multi-currency business funds, accurate payment identification, simplified reconciliation processes, and streamlined fund transfers.

The launch of OCBC Virtual Account services underscores FOMO Pay’s commitment to providing value-added services that meet the evolving needs of its corporate clientele. This latest initiative follows the firm’s introduction of DBS Virtual Account services in December 2022, further solidifying its position as a trusted partner that empowers businesses to thrive in the global market.

OCBC is the longest established Singapore bank, which has grown from strength to strength to become a regional financial services group. With a deep history in Asia, OCBC offers the most comprehensive coverage across ASEAN and Greater China, complemented with a presence in the leading economies of New York, London and Sydney. OCBC is the second largest financial services group in Southeast Asia by assets with one of the world’s highest credit ratings.

About FOMO Pay

Founded in 2015, FOMO Pay Pte Ltd is a major payment institution (License No. PS20200145) regulated under the Payment Services Act in Singapore, licensed by the Monetary Authority of Singapore (MAS) to conduct Cross-border Money Transfer Service, Domestic Money Transfer Service, Digital Payment Token Service, and Merchant Acquisition Service. The firm has become a leading one-stop digital payment, digital banking, and digital asset solution provider. It is currently building Asia’s fully licensed financial platform, helping institutions and businesses connect between fiat and digital currency. The firm offers its three flagship products:

  • FOMO Payment – One-stop digital payment solution for merchants, corporates and financial institutions
  • FOMO iBank – Facilitate businesses’ everyday requirements for transactional banking needs
  • FOMO Treasury – One-stop digital asset services provider bridging Web 2.0 & Web 3.0

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