News & Updates

July 5, 2019

FOMO Pay won AEON awards at AEON Open Innovation in Bangkok

AEON Thana Sinsap (Thailand) Public Company Limited launched Thailand’s first AEON Open Innovation Competition that aims to find the winner for students and start-up companies with the best ideas for financial innovation since March 2019. Recently, Ms. Suporn Wattanavekin (2nd from right), Director and Mr. Masanori Kosaka (middle),Vice Chairman of the Board of AEON Thana Sinsap (Thailand) Public Company Limited awarded the winner for the two group of students from Thammasat University and FOMO Pay FinTech company from Singapore, together with Mr. Kenji Kawahara (3rd from right), President & CEO of AEON Financial Service from Japan and Mr. Masaaki Mangetsu […]
June 3, 2019

FOMO Pay works with Discover to increase acceptance for cardholders worldwide

FOMO Pay, an award-winning integrated payment solution provider to merchants in Singapore and across the region, and Discover Global Network, announced a partnership to allow Discover Global Network cardholders the ability to use their cards at FOMO Pay’s merchants around the globe. The collaboration is a step towards positioning FOMO Pay as a leader in integrating new payment solutions for major financial institutions and merchants by giving them the ability to accept Discover Global Network cards.
March 20, 2019

FOMO Pay, the pilot partner for Grab Pay to launch new payments technologies

Grab Financial Group announced its ‘Grow with Grab’ roadmap on 19 March, aiming to provide the most comprehensive portfolio of financial services in Southeast Asia for micro-entrepreneurs and small businesses. FOMO Pay, the pilot partner for Grab Pay, provides technology support for their new payments methods under this roadmap, and works together to enhance their merchant network. As the first fintech platform with access to e-money licenses in the major six economies in ASEAN, Grab Financial has built the largest merchant network, covering more than 600,000 merchants. With the support from FOMO Pay, Grab launches new payments technologies that will […]
March 19, 2019

FOMO Pay and EMQ to Showcase Remittance Technology in Money 20/20 Asia 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

FOMO Pay, the only mobile payment service provider selected by Chinese Embassy in Singapore

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

Budget 2019 to ensure Singapore remains as a competitive FinTech hub in the region

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 […]