Recent Blogs

September 15, 2017
yue-hwa-singapore-accept-wechat-pay-provided-by-fomo-pay

Yue Hwa Singapore Accept WeChat Pay Provided by FOMO

Yue Hwa Singapore Accept WeChat Pay Provided by FOMO When one thinks about traditional Chinese commodities, products such as Chinese tea, silk, cheongsams, jade and antiques immediately spring to mind. Yue Hwa Singapore, a leading Chinese departmental store chain, specialises in bringing those coveted items onto the shores of Singapore and now accepts payments through both WeChat Pay and Alipay. Established in Hong Kong in 1959, Yue Hwa has become a brand name associated with quality and affordability. Through sheer grit and determination, the company grew from a single small-sized department store into an extensive international network of stores located […]
September 13, 2017
tanjong-pagar-plaza-food-centre-now-accepts-nets-qr-code-payment

Tanjong Pagar Plaza Food Centre now accepts NETS QR code payment

Tanjong Pagar Plaza Food Centre now accepts NETS QR code payment The payment network Nets has recently launched a standardized QR code at Tanjong Plaza Food Centre. From 9 September, customers can pay for their meals by scanning the QR code on display at 47 out of 50 stalls at the hawker center. As of now, customers can pay using OCBC’s PayAnyone and UOB’s Mighty, with DBS Paylah! set to be introduced from mid-November onwards. Similar to FOMO Pay’s payment method which uses both WeChat Pay and Alipay, customers will scan the QR code on display before keying in the […]
September 8, 2017
razer-unveils-proposal-singapore-e-payments-solution

RAZER unveils proposal for Singapore e-payments solution

RAZER unveils proposal for Singapore e-payments solution Last month, social media was abuzz when Razer CEO Tan Min Liang replied PM Lee’s tweet during his National Day Rally speech about the inordinate number of e-payment solutions in Singapore and the need to streamline the number of these solutions. Holding true to his word, Mr Tan published his proposal (8 September) for a cashless payments system, which has the ultimate aim of transforming Singapore into a cashless society within 18 months. According to the executive summary, the proposal is dual pronged. Firstly, Razer will ‘provide ongoing feedback, development and advisory support […]
September 5, 2017
jumbo-group-adopts-wechat-pay-bid-target-mainland-chinese-customers

Jumbo Group adopts WeChat Pay in a bid to target mainland Chinese customers

Jumbo Group adopts WeChat Pay in a bid to target mainland Chinese customers Situated on the banks of the Singapore River amidst the hustle and bustle of Clarke Quay’s famous nightlife, Jumbo Seafood has been serving up gastronomic delights for locals and travellers alike. Since its humble inception in 1987, Jumbo Seafood has expanded to include 9 restaurants in Singapore and China. The latest Jumbo outlet opened in Beijing, China in July this year, bearing testament to the restaurant’s popularity not only in Singapore but in China as well. Apart from Jumbo Seafood, parent company Jumbo Group also owns JPOT […]
September 4, 2017
fomo-pay-2q2017-key-highlights-tencent-financial-report

2Q2017 Key Highlights – Baidu, Alibaba, Tencent and Jingdong’s Financial Report

2Q2017 Key Highlights – Baidu, Alibaba, Tencent and Jingdong’s Financial Report The Internet sector in China is still booming. Baidu, Alibaba, Tencent and Jingdong (JD) have achieved increased profits this quarter, showing that China’s Internet sector is still booming despite a fairly saturated market. Baidu’s revenues rose 14.3% this quarter to RMB20.874 billion, according to an article from the Financial Times. Alibaba’s revenue for the quarter was RMB50,184 million (US$7,403) million, an increase of 56% year-over-year, according to a press release from Alibaba. Tencent revenue was RMB56,606 million (USD8,356 million), an increase of 59% over the second quarter of 2016, […]
September 1, 2017
fomo-pay-selected-join-national-sgqr-taskforce-develop-singapores-payment-industry

FOMO Pay selected to join national SGQR taskforce to develop Singapore’s payment industry

FOMO Pay selected to join national SGQR taskforce to develop Singapore’s payment industry Less than two weeks after PM Lee Hsien Loong, in his National Day Rally speech, urged Singaporeans to embrace mobile payments, a payments council has been set up to look into ways to advance the development of cashless payments in Singapore. The payments council was established by the Monetary Authority of Singapore (‘MAS’) and a taskforce called SGQR was appointed to spearhead the initiative. While a plethora of e-payment methods is currently available for Singapore consumers, including WeChat Pay, Alipay, Apple Pay, Samsung Pay and many others, […]