Recent Blogs
September 29, 2017
FOMO Pay’s sharing of merchant app at Nets Developer Conference Nets (https://www.nets.com.sg) is a leading retail payments company based in Singapore and also operates Singapore’s national debit scheme. With over 100,000 acceptance points and 35,000 unified point-of-sale terminals nation-wide, it is one of the biggest payment networks in Singapore. In October this year, as part of the company’s two year Nets 2.0 initiative, Nets will launch its e-payment app and a digital payment infrastructure for merchants to include support for QR code and contactless payments made through smartphones. This new app, called NetsPay, will allow users to pay using the […]
September 22, 2017
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 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
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
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 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 […]