Recent Blogs
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 […]
May 16, 2017
Co-organized by the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS), the Singapore FinTech Festival is a week-long event that gathers participants from the global financial community for a series of engaging events including informative conferences on FinTech, Tech Risk and RegTech, workshops, networking events and startup competitions. Conference Day 1 (16 Nov): Dialogue with technology and finance leaders on digital and mobile payments. Singapore’s FinTech sector is flourishing with the large ecosystem of banks, technology firms and universities that help support its development, and strong government support. The inaugural Singapore FinTech Festival plays a […]
May 16, 2017
Hosted by Visa, the FF17 Singapore Semi-Final was held at the Visa Innovation Lab on 16 November in conjunction with the Singapore FinTech Festival week this year. The top 10 to 15 FinTech startups in Singapore were given 4 minutes each to awe the judges in order to get into the FF17 Finals. FOMO Pay was selected as one of the semi-finalists in Singapore. Yang Zhan, co-founder of FOMO Pay, impressing the judges at FF17 Singapore Semi-Finals. FF17 Semi-Finals are held in 9 other countries aside from Singapore – Bangalore, Kuala Lumpur, Melbourne, Mumbai, Sao Paulo, Seoul, Shanghai, Sydney and […]