Recent Blogs
July 10, 2017
Alipay versus WeChat Pay: a battle between Chinese payment giants Alipay and WeChat Pay are dominant players of the third-party mobile payment market in China, and had significant influence on shaping China’s digital and mobile payment industry. China’s third party mobile payment market had a total transaction value of RMB 12.8 trillion in Q4 2016, and shows signs of further growth, according to a report from Analysys. Alipay Alipay is a third-party online payment platform, and was launched in China in 2004 through Taobao, the B2C platform of Alibaba Group, to facilitate payment. When a buyer purchases a product through […]
July 10, 2017
WeChat Pay users stand to enjoy great savings from the WeChat Summer Event From 1 July to 31 August this year, users of WeChat Pay will stand to enjoy great savings from the WeChat Summer Event. How does it work? As long as a consumer pays via WeChat Pay for offline transactions, he or she can get 10% discount (capped at 50RMB per transaction) off the total bill immediately. Each WeChat user is entitled to using this discount 4 times (twice in July and twice in August), without any required minimum spend. The discounts are distributed on a first-come-first-serve basis, […]
July 6, 2017
SF Express Singapore executes plan for WeChat Pay integration with FOMO Pay Guangdong, China, the company was founded in 1993 and currently operates internationally. Countries and regions SF Express serves include the United States, Canada, Russia, Japan, South Korea, Chile, the Philippines, Pakistan, United Arab Emirates, Singapore, EU countries, and more. As of November 2016, SF Express has more than 13,000 service points, approximately 15,000 operating vehicles, and has an airline subsidiary of 36 all-cargo aircrafts. In collaboration with FOMO Pay, SF Express Singapore has successfully integrated WeChat Pay into their current billing infrastructure. WeChat Pay can now be used […]
July 5, 2017
What you need to know about Social Media Marketing in China China’s consumers are one of the most connected consumers in the world, especially in the area of m-commerce. Alibaba recorded total mobile sales of approximately RMB 99 billion during last year’s Singles’ Day Festival, an amount larger than the combined sales of Black Friday and Thanksgiving Day in America. A large reason for the growth in m-commerce in China is due to the high smartphone penetration rate amongst Chinese consumers, and the trust that Chinese consumers have in third-party payment providers to conduct digital transactions through their smartphones, according […]
July 4, 2017
FOMO Pay lands spot in TOP100 Fight Club at Echelon Asia Summit 2017 Echelon Asia Summit is a digital platform bringing together over 6,000 industry leaders and experts, investors, government ministries, and the media. Every year, a 2-day technology and business conference is held in Singapore. This year, Echelon Asia Summit 2017 was held on 28-29 June at the Singapore EXPO Convention Hall, and a networking session was held at JTC LaunchPad at one-north on 30 June. Speakers this year include Steve Leonard, Founding CEO of SGInnovate, Guillaume Sachet, Executive Vice President, Strategic Planning of MediaCorp, Pranav Seth, Head of […]
July 3, 2017
Skyline Travel wins over Chinese customers through digital payment methods Skyline Travel is a travel agency based in Singapore. Through the agency, tourists can purchase discounted attraction tickets of popular tourist spots in Singapore and Malaysia, schedule chauffeur services, make hotel reservations, or even book a short trip to nearby destinations such as Batam and Bintan Island. Screenshot of Skyline Travel’s Taobao website The agency targets mainly mainland Chinese tourists, and has taken steps to increase their visibility through popular Chinese sites. Aside from the usual Facebook and Instagram platforms, the company also has accounts on Taobao and Weibo. In […]