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News & Updates

May 16, 2017

China’s Golden Week and its impact on Singapore

China’s Golden Week (黄金周) is an annual national holiday to celebrate the founding of the People’s Republic of China. This year, the holiday was held from the 1st to 7th October. During this time, locals often take the chance to travel, sending waves of Chinese tourists to nearby cities and countries around the world. The rise in Chinese tourist numbers is especially noticeable in popular locations such as Japan, Thailand and South Korea. Figures from the Civil Aviation Administration of China showed that the number of Chinese passengers who travelled by air during the Golden Week holiday totaled to 9.96 million […]
May 11, 2017

Who are the mobile payment users in China?

China’s mobile payment sector is the largest and the fastest growing mobile payment market in the world. The total number of mobile payment users in China is expected to more than double from 80 million this year to 194 million in 2020, amounting to a total spend of S$365 million in 2020. This is largely due to the increase in smartphone user penetration rate, greater access to high-speed mobile networks and better mobile payment services that cater to the needs of the Chinese mobile buyers. Dominated by market leaders Alipay and WeChat Pay, the Chinese mobile payment sector is a […]
May 1, 2017

FOMO Pay ranks Top 100 in 2016 Red Herring Asia, shortlisted for Top 100 Red Herring Global

FOMO Pay, the first authorized WeChat Pay and Baidu Wallet partner in Southeast Asia, is a winner of The Red Herring Asia Top 100 award. Since its inception in 1996, the Top 100 award celebrates the most exciting startups and private ventures in Asia, Europe and North America. Competition is tough, with hundreds of candidates from each continent vying for the prestigious award. Out of the 100 companies chosen in Asia, only 10 other Singapore startups made it to the list. The selection process involves 3 steps, and companies are graded based on more than 20 criteria, including technological advantage, […]
April 11, 2017

FOMO Pay clinches exclusive online voting partnerships with Sing! China and Miss Chinese Cosmos Pageant Singapore

FOMO Pay is honoured to be the exclusive online voting partner for Sing! China (中国新歌声)’s Singapore auditions this year and Miss Chinese Cosmos Pageant Singapore (中华小姐环球大赛新加坡赛区) 2016. Aside from designing the voting sites, FOMO Pay also provided technical support and facilitated back-end payment collection from votes. With FOMO Pay, voters got to select from a variety of payment methods – Visa/MasterCard, Union Pay, WeChat Scan and Pay and Alipay, allowing the events to successfully target both local and Chinese consumers. Sing! China (中国新歌声) 2016 Voting site: https://www.2016chinasupervocalsg.com (Voting has ended.) Chinese reality television shows have been gaining traction in Singapore, […]
March 1, 2017

WeChat Pay 微信支付 Now Supports Payment Collection for Retailers in Singapore

You may have heard of WeChat, but did you know that it is much more than just a messaging app? Amongst the many other services offered, one of its most popular feature is WeChat Pay – a mobile payment service that allows WeChat users to pay by simply scanning a QR code generated by the app. A survey by Tencent in August 2015 revealed that 68.8% of Chinese people use their mobile devices offline for payments. WeChat Pay is available in more than 20 countries, including Hong Kong, Taiwan, Australia, Europe, and now – it has finally launched in Singapore, […]
February 1, 2017
First WeChat Campaign launched in ION Orchard

First WeChat Campaign launched in ION Orchard

Retailers seek to increase sales to Chinese shoppers through WeChat Shake (摇一摇) Campaign More businesses in Singapore are targeting mainland Chinese customers to boost retail sales. WeChat, the most popular instant messaging app in China, is one platform that businesses can leverage on to promote their goods and services. Retailers in ION Orchard have partnered with FOMO Advertising, a subsidiary of local payments company FOMO Pay, to launch the WeChat Shake Campaign. From now to 16th October, WeChat users will be able to redeem free gifts and obtain attractive discounts from selected retailers in ION Orchard such as Lee Hwa […]