Recent Blogs

February 8, 2019

Explore exciting cashless future with SGQR

SGQR, Singapore unified payment QR code (SGQR) launch took place in September 2018 has seen quick adoption rate among businesses ever since launch.  FOMOPay, a one-stop QR code payment solution provider works closely with Monetary Authority of Singapore (MAS) for the SGQR initiative which replaces more than 19,000 versions of QR codes currently in the market. With the new SGQR label, businesses no longer need to deal with multiple QR code payment labels that could potentially cause confusion. At the same time, businesses can accommodate various types of mobile payment without going through different system interface, which allows more customers […]
January 31, 2019

Notice on Suspending Settlement during Chinese New Year Holiday 关于春节假期暂停结算的通知

Notice on Suspending Settlement during Chinese New Year Holiday 关于春节假期暂停结算的通知 Dear FOMO Pay merchants, Please note that banks in Mainland China will suspend settlement from Feb 02, 2019 to Feb 10, 2019 due to Chinese New Year. Transactions that take place during this period will be cleared on Feb 11, 2019. Other services, including but not limited to payment and refund will NOT be affected by the suspension of settlement. Thank you for your understanding.
January 23, 2019

Rather than playing ‘Spot The Sticker’, you only have to check for SGQR sticker at the counters

SGQR is an cashless initiative by MAS to drive Singapore mobile payments and transform Singapore into a cash-light society, by encouraging Singaporeans to reduce the use of cash. With 27 different payment schemes from various service providers under the SGQR label, consumers can enjoy multiple e-payment solutions through one payment gateway at lowered costs. FOMOPay, a one-stop QR code payment solution provider works cohesively with Monetary Authority of Singapore (MAS) for the SGQR initiative which replaces more than 19,000 versions of QR codes currently in the market. Businesses can do away with the clutter of having to put up multiple QR […]
December 27, 2018

Notice on Suspending Settlement during New Year’s Day 关于元旦假期暂停结算的通知

Notice on Suspending Settlement during New Year’s Day 关于元旦假期暂停结算的通知 Dear FOMO Pay Merchants, We would like to inform you that WeChat Pay will suspend settlement from Dec 30, 2018 to Jan 1, 2019 due to New Year’s Day. Transactions that take place during this period will be cleared on Jan 2, 2019. After that period, the settlement will resume back to the normal situation. Other WeChat Pay services, including but not limited to payment & refund will NOT be affected by the suspension of settlement. Please see the official notification from WeChat Pay Global as below: Thank you for your […]
October 24, 2018
EMQ-FOMO Pay-Bolstering Digital Payment-Revolution-One Belt One Road-Asia

EMQ and FOMO Pay Partner to Bolster the Digital Payment Revolution across “One Belt One Road” economic corridors

EMQ, a leading financial settlement network in Asia, and FOMO Pay, the award winning QR code payment solution provider in Singapore, has announced a partnership to support the growing demand for real-time international settlements from Singapore to China, with the ability to expand across other countries in Asia. The partnership will also help facilitate and support the government’s 2020 Smart Nation Initiative to accelerate Singapore’s shift to a digital economy. “Singapore is an extremely important market in our global growth strategy and we are excited to support the government’s ambition to transform Singapore into a Smart Nation by creating new […]
October 5, 2018
FOMO Pay-Cashless Wave-MAS- SGQR-Emerging Enterprise Award-FinTech-TechFin-QR Code payment

FOMO Pay – Our journey so far

It was a breath-taking 3 years building up Singapore mobile payment industry from scratch; to become a multi-award winning company and a QR code payment specialist. Being part of SGQR taskforce co-led by Monetary Authority of Singapore (MAS), Singapore’s Central Bank, FOMO Pay saw their effort in building a cashless society finally paid off with the launch of SGQR, Singapore interoperable QR code payment. The startup was founded in 2015, is a one-stop mobile payment aggregator that helps merchants connect both online and offline mobile wallets and payment solutions. Zack Yang and Louis Liu, co-founders of FOMO Pay, gave up […]