Recent Blogs
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 […]
May 16, 2017
On 18 November 2016, DBS HotSpot 2016 reached the final segment of its programme – Demo Day. After a gruelling 3-month programme of training and workshops, the final 9 teams were chosen out of 250 applicants to enter the DBS HotSpot Pre-Accelerator. These teams were Cafebond, Flide, Foodrazor, HugProperty, Inncee, Pegaxis, Seedly, SushiVid and ToucanApp. Each team received a S$25,000 entrepreneur award for zero equity, and were given help from experienced mentors to further develop their product and refine their pitch and sales strategies. These teams also had an exclusive opportunity to pitch on Demo Day. As the winner of […]
May 16, 2017
Singapore – 13 November 2016 – FOMO Pay today announced that it has been selected as a candidate for Red Herring’s 2016 Top 100 Global award, a prestigious recognition honoring the year’s most audacious and far-reaching private technology companies and entrepreneurs from across the globe. The Red Herring editorial team selected the companies demonstrating the most innovative technologies and business models originating from over 1,000 companies from more than 40 nations. These companies, representing past Red Herring Asia, Europe and North America award winners in their respective regions, are judged on a range of qualitative and quantitative metrics, including but […]
May 16, 2017
In Singapore’s growing FinTech industry, Singapore-based startup FOMO Pay stands out from the rest. The startup aims to help merchants across Southeast Asia accept mobile payments from Chinese tourists and ensure they capture a share of the heavy overseas spending of holidaymakers from the mainland. Yang Zhan, co-founder of FOMO Pay, said its service streamlines the steps needed for retailers or service providers to accept online and offline payments using the mobile wallets favoured by Chinese consumers, such as Tencent’s WeChat Pay, Baidu Wallet and UnionPay. According to the World Travel and Tourism Council, brokerage Chinese tourists spent US$215 billion overseas in […]
May 16, 2017
While China is still home to the largest and fastest growing mobile payment market, mobile payment adoption around the world is picking up speed. More retailers are expanding into mobile channels, including Uber and Starbucks mobile applications that lets customers pay with their phones on the go. According to a report from Forrester, mobile payment adoption in Southeast Asia will increase over the next 5 years due to increased smartphone penetration, increasing population, favourable government policies and increasing investment in digital infrastructure, and a tech-savvy market demanding digital content. Here’s a guide to popular mobile payment methods in Southeast Asia. […]