Recent Blogs
July 31, 2017
What is WeChat Pay doing in Japan? More than 6.37 million Chinese tourists travelled to Japan in 2016, making up ¼ of Japan’s total foreign tourists, according to an article from PC Online. More and more Japanese business owners have integrated mobile payment services popular in China, such as WeChat Pay and Alipay, into their payment systems in order to attract more Chinese consumers. Increased adoption of WeChat Pay amongst Japanese businesses On 3 July, Don Quijote, one of Japan’s most popular discount chain store, announced that they will accept WeChat Pay, thus becoming the world’s 100th WeChat Pay flagship […]
July 25, 2017
RISE Hong Kong International Conference features FOMO Pay RISE is an international conference organised by the team behind Web Summit, one of Europe’s largest tech seminars. Spearheaded by co-founder and CEO Paddy Cosgrave, Web Summit was first established in Dublin, Ireland in 2010. From its humble beginnings of around 400 Irish Entrepreneurs, the Web Summit has grown from strength to strength. In 2014, more than 22,000 participants attended the event including the founders and CEOs of Twitter, YouTube, Netflix, Skype, Tesla and PayPal. This year, in his customary introduction to the event on 16 May, Mr Cosgrave turned the spotlight […]
July 21, 2017
Apple Pay’s largest promotional campaign in China aims to capture market share A year after launch in China, Apple Pay has yet to receive anything more than a lukewarm response from Chinese consumers. The Chinese mobile payment market is the largest and the fastest growing mobile payment market in the world, but it is a difficult market to compete in for new entrants, as market leaders Alipay and WeChat Pay have dominated the market. Recent data from March this year showed that Alipay had a market share of 54.7%, while Tenpay (including both WeChat Pay and QQ Wallet) came in […]
July 19, 2017
Singapore takes a new step towards going cashless with PayNow mobile app 9 out of 10 Singaporeans prefer to make electronic payments rather than using cash, according to data collected from the 2016 Visa Consumer Payment Attitudes survey. This is an 11% increase from the prior year, indicating that cashless payments are on the rise in Singapore. Also, 91% of Singaporeans are aware of contactless payments, an increase of 4% from the previous year. In addition, more people are making the transition from the physical wallet and cards to their smartphones. The mobile payment market in Singapore is a fragmented […]
July 17, 2017
FOMO Pay, a mobile payment integrator in Singapore experiences business boom Louis Liu, the Co-Founder of FOMO Pay was interviewed and mentioned in Lianhe Zaobao’s 6 July article – 融合“移动支付”工程师生意大增. In the article, Louis shared about how FOMO Pay was founded, the difficulties faced on the route to success, as well as future plans for the company. He learnt that many local business owners were interested in new mobile payment solutions such as Apple Pay, WeChat Pay, Alipay, etc, but did not have the time to learn more about them in-depth nor to negotiate with each payment service providers individually. […]
July 12, 2017
ATS Singapore 2017: FOMO shares about The State of Programmatic in China ATS Singapore 2017 was held on 4 July at Marina Mandarin this year. It is a one-day event featuring one of the largest audiences of advertising and marketing technology industry experts. This year, it covered a range of interesting and relevant topics surrounding the APAC market. Louis Liu, the Co-Founder of FOMO (consisting of FOMO Pay, FOMO Ads and FOMO Digital), was invited to join in the panel discussion with 3 other panelists in the afternoon, at 1:30pm – Market Deep Dive: The State of Programmatic in China. […]