News & Updates
November 22, 2017
Payments Council endorses Singapore Quick Response Code Specifications for electronic payments Singapore, 20 November 2017… The Payments Council has endorsed the specification for a common Singapore Quick Response Code (SG QR) that can accept electronic payments by both domestic and international payment schemes, e-wallets, and banks. The new SG QR was developed by an industry taskforce co-led by the Monetary Authority of Singapore (MAS) and Infocomm Media Development Authority. What is SG QR? The first of its kind globally, the SG QR includes protocols customised for Singapore, building on the QR specifications of EMVCo, a consortium of international payment schemes. […]
November 20, 2017
FOMO Pay Won This Year’s MAS FinTech Awards in SME Category Singapore, 16 November 2017 The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) today awarded FOMO Pay MAS FinTech Awards in SME Category at this year’s Singapore FinTech Awards. Deputy Prime Minister and Chairman, MAS, Mr Tharman Shanmugaratnam, presented the awards to our CEO, Mr. Louis Liu at the ceremony that was attended by more than 3,000 attendees. Organised as part of the Singapore FinTech Festival, the FinTech Awards recognizes innovative FinTech solutions that have been implemented by FinTech start-ups, financial institutions and technology […]
November 2, 2017
FOMO Pay selected to join Unilever Foundry 30 SEAA Community On 13th September 2017, Unilever announced that it would be accepting 30 promising startups to participate in its Foundry30 SEAA programme. The startups are selected based on their ability to demonstrate a unique and exciting point of difference, and vision of positively creating technological, consumer and social change within the South East Asia region. With a population of over 600 million people, the region was chosen by the global conglomerate based on its fast growing internet market and rising middle class, which makes the region such an exciting hotspot for […]
November 1, 2017
Ride-hailing company Grab officially launched its in-store mobile payments method today, marking its biggest move yet outside of the transportation segment. FOMO Pay as the pioneer channel partner will add Grab Pay into its existing portfolio including WeChat Pay, NETSPay, UnionPay, Baidu Wallet, BestPay, etc. As reported by Tech in Asia, Grab Pay is “designed to be scalable and flexible to work with other QR code-based mobile payments systems in Singapore, thus facilitating a collective effort to move Singapore towards a cashless society.” This could be a huge step towards a cashless society under SGQR Taskforce and Singapore’ Smart Nation vision, FOMO Pay […]
November 1, 2017
FOMO to bring QR code payment experience to Visa’s booth at Singapore Fintech Festival (13-17 Nov) Apart from being shortlisted as a finalist in the FinTech Awards category during this year’s annual Singapore Fintech Festival (‘SFF’), FOMO Pay has also been invited by Visa to showcase the latest in mobile payment technology at their booth. The SFF is an annual event organised by the MAS in conjunction with the Association of Banks in Singapore that will bring together start-ups, investors, financial institutions and research institutes. At this year’s event, Visa will present the latest payment technology, which would include mVisa […]
October 24, 2017
New app lets users pay by NetsPay with their phones Electronic payments company Nets has officially launched its mobile wallet, NetsPay, last Thursday, on iOS and Android devices. From 19 October, users holding DBS and POSB cards will have the option of making their first mobile payment through their smartphones at accepted Nets terminals. In the following weeks, users from the five other participating banks – OCBC, UOB, Maybank, HSBC and Standard Chartered Bank – will also be able to use the NetsPay app on their smartphones to make payments at Nets terminals. With over 100,000 Nets acceptance points islandwide, […]