Recent Blogs

May 16, 2017

Hai Di Lao 海底捞火锅 Accepts WeChat Pay islandwide through FOMO Pay Partnership

When you think of hotpot, you think of Hai Di Lao. Hai Di Lao allows you to select up to 4 soup bases so you no longer have to fret over which to choose. (Photo source: Hai Di Lao Singapore Facebook Page) Founded in 1994, Hai Di Lao owns over 140 restaurants in China, Taiwan, Singapore, South Korea, Japan and the United States. The popular Chinese hotpot chain is best known for its impeccable service and quality of food. Due to its immense popularity amongst hotpot lovers in Singapore, an hour’s wait for a table during dinnertime is nothing unusual […]
May 16, 2017

2016 WeChat Impact Report: Key Takeaways about WeChat Pay

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

FOMO Pay co-founder, Liu Xi, Louis, invited to speak on ‘It Matters: The Future of Us’

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 P2P payment is coming to Europe

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

What can we learn from Stripe’s success?

  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

FOMO Pay showcases innovative payment solution at Global Payment Summit 2016

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 […]