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Recent Blogs

September 22, 2017
are-smartphones-compromising-the-security-of-mobile-payments

Are smartphones compromising the security of mobile payments?

Are smartphones compromising the security of mobile payments? As the new iPhone 8 hits the shores of Singapore on 22 September, tech and smartphone enthusiasts are gushing about the new features that the iPhone 8 is said to incorporate. However, much of the discussion is also centered on the new facial recognition system that has been developed for the upcoming iPhone X. Through a combination of light projectors and sensors that take several images of an individual’s facial features, the new system is said to be able to recognize the rightful owner thus unlocking the phone in an instant. With […]
September 21, 2017
cash-is-still-the-preferred-mode-of-payment-in-south-east-asia-paypal-study-reveals

Cash is still the preferred mode of payment in South East Asia, PayPal study reveals

Cash is still the preferred mode of payment in South East Asia, PayPal study reveals As one of the last development frontiers in the world, the South East Asian digital payment market is closely watched by industry experts. Recently, PayPal commissioned a study to assess attitudes towards new payment methods and to obtain insights into the state of financial health and satisfaction in Asia. The report, titled ‘Digital Payments: Thinking beyond Transactions’, assessed the attitudes that people have towards new payment methods and revealed the vast untapped potential for digital payment solutions in the region. The report found that while […]
September 19, 2017
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FOMO Pay shortlisted as finalist for Fintech Awards in this year’s Singapore Fintech Festival

FOMO Pay shortlisted as finalist for Fintech Awards in this year’s Singapore Fintech Festival The Monetary Authority of Singapore has recently announced the finalists for the 2017 Global Hackcelerator and FinTech Awards. These awards are among the highlights of this year’s Singapore Fintech Festival (‘SFF’) that is scheduled to take place from 13-17 November 2017 at the Singapore Expo. The winners of the FinTech Awards will be announced at the FinTech Awards Night, which will be held on 16 November. As a named finalist in the FinTech Award category, FOMO Pay is in contention to win the prestigious award given […]
September 15, 2017
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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
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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
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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 […]