Recent Blogs

April 3, 2019

Settlement Delay Notification during Tomb-Sweeping Festival 清明节假期暂缓结算的通知

Dear FOMO Pay merchants, Please note that banks in Mainland China will suspend settlement from Apr 5th to Apr 7th, 2019 due to Tomb-Sweeping Festival (Ching Ming Festival). Other services, including but not limited to payment and refund will NOT be affected by the suspension of settlement. Thank you for your understanding. Best regards, FOMO Pay Pte. Ltd. 尊敬的合作伙伴和商户: 接到微信支付、支付宝等官方通知,由于中国清明节假期期间(4月5日-4月7日)中国大陆银行暂停结算业务,因此结算款项将于4月8日之后进行统一结算。 请各位合作伙伴和商户知悉。 顺颂商祺 FOMO Pay Pte. Ltd.
March 20, 2019

FOMO Pay, the pilot partner for Grab Pay to launch new payments technologies

Grab Financial Group announced its ‘Grow with Grab’ roadmap on 19 March, aiming to provide the most comprehensive portfolio of financial services in Southeast Asia for micro-entrepreneurs and small businesses. FOMO Pay, the pilot partner for Grab Pay, provides technology support for their new payments methods under this roadmap, and works together to enhance their merchant network. As the first fintech platform with access to e-money licenses in the major six economies in ASEAN, Grab Financial has built the largest merchant network, covering more than 600,000 merchants. With the support from FOMO Pay, Grab launches new payments technologies that will […]
March 19, 2019

FOMO Pay and EMQ to Showcase Remittance Technology in Money 20/20 Asia 2019

Every year, the world’s senior leaders across Payments, Financial Services and FinTech come together at Money20/20 Asia to network and connect over the critical developments shaping the future of money in Asia and to grow and future proof their businesses. Money20/20 is designed to maximise business opportunities for attendees to make game-changing connections and win new business. 1 in 4 attendees at Money20/20 are from the C-Suite, alongside thousands of other senior leaders and budget holders, all ready to connect. It’s the only event in Asia where incumbent and disruptors are in one place, actively looking to partner. This year, […]
March 7, 2019

FOMO Pay, the only mobile payment service provider selected by Chinese Embassy in Singapore

The Chinese Embassy in Singapore launched mobile payment service on 1 March, 2019. FOMO Pay, the only mobile payment service provider, represented by CEO Louis, Liu Xi, was invited to the launch ceremony. The Chinese Ambassador to Singapore, Mr Hong Xiaoyong attended the ceremony and delivered a speech. FOMO Pay provides mobile payment services for the consular department of Chinese embassy in Singapore, by working collaboratively with Industries and Commercial Bank of China Singapore branch. The mobile payment service provided both popular mobile payment wallets in both China and Singapore. Mobile payment services such as WeChat Pay and Alipay are […]
March 1, 2019

Budget 2019 to ensure Singapore remains as a competitive FinTech hub in the region

Singapore racked a record high $468.78m (US$346.6m) in fintech investments in 2018, putting the country amongst the top five fintech markets by funds raised last year in Asia Pacific, behind China, India, Australia and Japan. Fintech firms in Singapore attracted the largest share of funding (48.5%) within ASEAN after achieving a record high $299.94m (US$222m) in 9M 2018, data from UOB showed. The focus of capital injections into Singapore largely went into FinTechs providing small and medium-sized enterprise (SME) financing services given that SMEs are said to account for 99% of all businesses and 65% of employment in 2017. SMEs are […]
March 1, 2019

FOMO Pay partners with Razer Pay to provide solution for merchants and customers in Singapore

FOMO Pay gladly partners with Razer Pay to expand their market in Singapore, by enhancing their Singapore merchant network and providing the solution for both merchants and customers. Razer Pay, an e-wallet firstly launched in Malaysia last year, is gaining much popularity. 700,000 sign-ups were made in a week while the global debut took place. This year, Razer Pay will expand its footprint to the city state, with a view of issuing over one million e-wallets by April 2019. To provide a full-fledged e-wallet experience for the growing user base, Razer has partnered with FOMO Pay to enhance the Singapore […]