Recent Blogs
March 19, 2019
Every year, the world’s senior leaders across Payments, Financial Services and FinTech come together at Money20/20 Asia to network and connect over the critical developments shaping the future of money in Asia and to grow and future proof their businesses. Money20/20 is designed to maximise business opportunities for attendees to make game-changing connections and win new business. 1 in 4 attendees at Money20/20 are from the C-Suite, alongside thousands of other senior leaders and budget holders, all ready to connect. It’s the only event in Asia where incumbent and disruptors are in one place, actively looking to partner. This year, […]
March 7, 2019
The Chinese Embassy in Singapore launched mobile payment service on 1 March, 2019. FOMO Pay, the only mobile payment service provider, represented by CEO Louis, Liu Xi, was invited to the launch ceremony. The Chinese Ambassador to Singapore, Mr Hong Xiaoyong attended the ceremony and delivered a speech. FOMO Pay provides mobile payment services for the consular department of Chinese embassy in Singapore, by working collaboratively with Industries and Commercial Bank of China Singapore branch. The mobile payment service provided both popular mobile payment wallets in both China and Singapore. Mobile payment services such as WeChat Pay and Alipay are […]
March 1, 2019
Singapore racked a record high $468.78m (US$346.6m) in fintech investments in 2018, putting the country amongst the top five fintech markets by funds raised last year in Asia Pacific, behind China, India, Australia and Japan. Fintech firms in Singapore attracted the largest share of funding (48.5%) within ASEAN after achieving a record high $299.94m (US$222m) in 9M 2018, data from UOB showed. The focus of capital injections into Singapore largely went into FinTechs providing small and medium-sized enterprise (SME) financing services given that SMEs are said to account for 99% of all businesses and 65% of employment in 2017. SMEs are […]