Recent Blogs
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 […]
September 8, 2017
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 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 […]