Recent Blogs

March 19, 2019

FOMO Pay and EMQ to Showcase Remittance Technology in Money 20/20 Asia 2019

Every year, the world’s senior leaders across Payments, Financial Services and FinTech come together at Money20/20 Asia to network and connect over the critical developments shaping the future of money in Asia and to grow and future proof their businesses. Money20/20 is designed to maximise business opportunities for attendees to make game-changing connections and win new business. 1 in 4 attendees at Money20/20 are from the C-Suite, alongside thousands of other senior leaders and budget holders, all ready to connect. It’s the only event in Asia where incumbent and disruptors are in one place, actively looking to partner. This year, […]
March 7, 2019

FOMO Pay, the only mobile payment service provider selected by Chinese Embassy in Singapore

The Chinese Embassy in Singapore launched mobile payment service on 1 March, 2019. FOMO Pay, the only mobile payment service provider, represented by CEO Louis, Liu Xi, was invited to the launch ceremony. The Chinese Ambassador to Singapore, Mr Hong Xiaoyong attended the ceremony and delivered a speech. FOMO Pay provides mobile payment services for the consular department of Chinese embassy in Singapore, by working collaboratively with Industries and Commercial Bank of China Singapore branch. The mobile payment service provided both popular mobile payment wallets in both China and Singapore. Mobile payment services such as WeChat Pay and Alipay are […]
March 1, 2019

Budget 2019 to ensure Singapore remains as a competitive FinTech hub in the region

Singapore racked a record high $468.78m (US$346.6m) in fintech investments in 2018, putting the country amongst the top five fintech markets by funds raised last year in Asia Pacific, behind China, India, Australia and Japan. Fintech firms in Singapore attracted the largest share of funding (48.5%) within ASEAN after achieving a record high $299.94m (US$222m) in 9M 2018, data from UOB showed. The focus of capital injections into Singapore largely went into FinTechs providing small and medium-sized enterprise (SME) financing services given that SMEs are said to account for 99% of all businesses and 65% of employment in 2017. SMEs are […]
March 1, 2019

FOMO Pay partners with Razer Pay to provide solution for merchants and customers in Singapore

FOMO Pay gladly partners with Razer Pay to expand their market in Singapore, by enhancing their Singapore merchant network and providing the solution for both merchants and customers. Razer Pay, an e-wallet firstly launched in Malaysia last year, is gaining much popularity. 700,000 sign-ups were made in a week while the global debut took place. This year, Razer Pay will expand its footprint to the city state, with a view of issuing over one million e-wallets by April 2019. To provide a full-fledged e-wallet experience for the growing user base, Razer has partnered with FOMO Pay to enhance the Singapore […]
February 25, 2019

FOMO a member of the SGQR taskforce, works towards creating a cashless society amongst Singapore-based businesses

FOMO Pay, a one-stop QR code payment solution provider works under the Monetary Authority of Singapore (MAS) as one of the members of the SGQR task force in transforming Singapore into a cashless society. SGQR, Singapore’s unified payment QR code has empowered many small and medium businesses to connect with the digital age and the rising group of tech-savvy consumers more efficiently. Click below to find out how SGQR enables a productive payment experience for consumers and merchants. As one of the largest digital payment aggregators and gateway in Singapore, FOMO Pay was nominated to be the founding member of […]
February 18, 2019

The SGQR Taskforce: Introducing World’s First Unified Payment QR Code

In August 2017, the Payments Council, a group of leaders from banks, payment service providers, businesses, and trade associations, advocated the use of QR code-based payments as a practical and convenient way to introduce e-payments to merchants. However, it was noted the proliferation of more proprietary QR codes at merchants risked fragmentation of payment solutions and inefficiency among merchants and consumers. The Payments Council then formulated an industry taskforce to develop a common QR code specifications for e-payments known as Singapore Quick Response Code (SGQR), a unified QR code that combines multiple payment QR codes into a single label to […]