News & Updates
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, […]
October 12, 2017
FOMO Pay to join Oracle at Cloud Expo on 12 October 2017 Cloud Expo Asia is the region’s leading cloud exhibition and conference for businesses. This year’s edition returns on the 12th of October and will be held alongside industry leading events – Cloud & Cyber Security Expo, Big Data World, Smart IoT Singapore and Data Centre World. Cloud Expo Asia will see over 300 leading international technology exhibitors and 350 speakers sharing the latest developments from their various industries. Visitors can glean insights through a world-class conference, incorporating keynote addresses, panel discussions, case studies and roundtables. The speakers hail […]
October 10, 2017
Who are the key players in Singapore’s mobile payment industry? The past few months have seen an upsurge in discussions relating to the mobile payments industry in Singapore. Battle lines have been drawn between those who support the government’s decision to develop Singapore into a cashless society and those who prefer to throw caution to the winds. No matter which side you identify with, it cannot be denied that the number of entrants into the market has drastically increased in a relatively short span of time, causing no small amount of confusion. On the one hand, we have established players […]
October 2, 2017
September Monthly Fintech News Summary As the month of September draws to a close, we bring you a summary of the latest news that have been shaking up the mobile payments industry. WeChat Pay Despite the fact that Apple has its own Apple Pay, the tech giant has announced that its app store and music streaming service will now accept WeChat Pay in China. This comes after reports indicate that Apple is in dire need of alternative revenue streams to make up for the sales slump resulting from Chinese brands entering the premium phone market. As Tencent’s WeChat Pay works […]
September 29, 2017
FOMO Pay’s sharing of merchant app at Nets Developer Conference Nets (https://www.nets.com.sg) is a leading retail payments company based in Singapore and also operates Singapore’s national debit scheme. With over 100,000 acceptance points and 35,000 unified point-of-sale terminals nation-wide, it is one of the biggest payment networks in Singapore. In October this year, as part of the company’s two year Nets 2.0 initiative, Nets will launch its e-payment app and a digital payment infrastructure for merchants to include support for QR code and contactless payments made through smartphones. This new app, called NetsPay, will allow users to pay using the […]
September 22, 2017
Are smartphones compromising the security of mobile payments? As the new iPhone 8 hits the shores of Singapore on 22 September, tech and smartphone enthusiasts are gushing about the new features that the iPhone 8 is said to incorporate. However, much of the discussion is also centered on the new facial recognition system that has been developed for the upcoming iPhone X. Through a combination of light projectors and sensors that take several images of an individual’s facial features, the new system is said to be able to recognize the rightful owner thus unlocking the phone in an instant. With […]