Recent Blogs
May 16, 2017
Launched in 2011, WeChat owns one of the largest user bases amongst other social messaging applications. The Chinese platform launched by Tencent boasts of 762 million users globally, and takes the lead as China’s most popular mobile app. Within 5 years, WeChat has evolved to offer a wide array of services, drawing tons of advertisers to the application. Companies can have their own WeChat Official Accounts to better connect with their consumers, make an impression via WeChat Moments and allow offline and online payments through the application. As of March 2016, there are 10 million WeChat Official Accounts, and 200,000 businesses […]
May 16, 2017
Produced by Lianhe Zaobao, <<时事讲堂之看见未来>> (It Matters: The Future of Us) is a weekly series discussing current affairs regarding Singapore’s future economy. FOMO Pay co-founder, Liu Xi, Louis, was invited to speak on the third episode of <<时事讲堂之看见未来>> (It Matters: The Future of Us). He shared his insights on how digital technology can help businesses in Singapore, especially SMEs. Photo credits to Lianhe Zaobao Other panelists on the show include Patrick Lim (Group Sales and Marketing Director for Ademco), Thomas Chua (President of Singapore Chinese Chamber of Commerce & Industry) and Sim Ann (Senior Minister of State, Ministry of Trade […]
May 16, 2017
Facebook has just secured an e-money license from the Central Bank of Ireland in October. As Ireland is a member of the European Union, the license also applies to the other 27 EU states. This means that Facebook users can send and receive money to one another through Messenger, as long as the payment is conducted within the European Economic Area (EEA). Other payment services include making donations to charities registered in the EEA and money remittance. This feature is not new. In fact, it was first launched in America in March last year. Users can send payments through Facebook […]
May 16, 2017
U.S. digital payment processor Stripe Inc. announced a new round of financing that nearly doubles its valuation from USD$5 billion last year to USD$9.2 billion today. For a startup founded 6 years ago, this is an alarmingly high valuation. At the same time, this news has encouraged other entrepreneurs and Fintech startups which currently face a pessimistic funding environment in North America – market uncertainty has led to a drop in the number of deals and value of VC-funding in fintech for the second consecutive quarter in Q3 2016, according to a report by KPMG. Founded in 2010, Stripe […]
May 16, 2017
Organized by the Transactives, the 4th annual Global Payment Summit (GPS) was held from 12 to 13 November this year at Sofitel Singapore Sentosa Resort & Spa, Singapore. The Global Payment Summit (GPS) in Singapore is a two-day conference where key thought leaders, topic experts and leading practitioners from the payment sector gather to discuss issues and raise solutions for the transaction space in Asia. The event provides a platform for networking, offer opportunities to take part in dialogue sessions and attend presentations to fuel a state of constant innovation to stay ahead of time. FOMO Pay was one of the […]
May 16, 2017
Louis Liu, co-founder of FOMO Pay, was invited to speak at Morgan Stanley’s 15th Asia Pacific Summit held at Mandarin Oriental, Singapore from 16 to 18 November 2016. Since 2002, Morgan Stanley’s Asia Pacific Summit has been regarded as the region’s preeminent working conference. Every year, the conference brings together global investors, senior corporate executives and policy makers to participate in panel discussions, network and learn from one another. Prominent speakers include Minister Mentor Lee Kuan Yew in 2003, and Deputy Prime Minister Lee Hsien Loong in 2002. This year, the conference comprised of more than 3,000 individual meetings and more than […]