News & Updates

January 23, 2019

Rather than playing ‘Spot The Sticker’, you only have to check for SGQR sticker at the counters

SGQR is an cashless initiative by MAS to drive Singapore mobile payments and transform Singapore into a cash-light society, by encouraging Singaporeans to reduce the use of cash. With 27 different payment schemes from various service providers under the SGQR label, consumers can enjoy multiple e-payment solutions through one payment gateway at lowered costs. FOMOPay, a one-stop QR code payment solution provider works cohesively with Monetary Authority of Singapore (MAS) for the SGQR initiative which replaces more than 19,000 versions of QR codes currently in the market. Businesses can do away with the clutter of having to put up multiple QR […]
October 24, 2018
EMQ-FOMO Pay-Bolstering Digital Payment-Revolution-One Belt One Road-Asia

EMQ and FOMO Pay Partner to Bolster the Digital Payment Revolution across “One Belt One Road” economic corridors

EMQ, a leading financial settlement network in Asia, and FOMO Pay, the award winning QR code payment solution provider in Singapore, has announced a partnership to support the growing demand for real-time international settlements from Singapore to China, with the ability to expand across other countries in Asia. The partnership will also help facilitate and support the government’s 2020 Smart Nation Initiative to accelerate Singapore’s shift to a digital economy. “Singapore is an extremely important market in our global growth strategy and we are excited to support the government’s ambition to transform Singapore into a Smart Nation by creating new […]
October 5, 2018
FOMO Pay-Cashless Wave-MAS- SGQR-Emerging Enterprise Award-FinTech-TechFin-QR Code payment

FOMO Pay – Our journey so far

It was a breath-taking 3 years building up Singapore mobile payment industry from scratch; to become a multi-award winning company and a QR code payment specialist. Being part of SGQR taskforce co-led by Monetary Authority of Singapore (MAS), Singapore’s Central Bank, FOMO Pay saw their effort in building a cashless society finally paid off with the launch of SGQR, Singapore interoperable QR code payment. The startup was founded in 2015, is a one-stop mobile payment aggregator that helps merchants connect both online and offline mobile wallets and payment solutions. Zack Yang and Louis Liu, co-founders of FOMO Pay, gave up […]
September 28, 2018
Parkway Parade-FavePay-Cashless-Mobile Payment-QR Code Payment-Partnership-deals-Great Singapore Sale

Parkway Parade partners FavePay to offer mobile payment to customers

Popular suburban shopping mall Parkway Parade and Fave, Southeast Asia’s leading loyalty and reward platform announced an exclusive partnership on 9th July 2018, to drive mobile payment adoption in Parkway Parade. The partnership will see FavePay being accepted across the entire mall and will be the largest FavePay acceptance point in Singapore. In conjunction with Parkway Parade’s Great Singapore Sale campaign and to drive Fave app usage, Parkway Parade had offered all participating brands on FavePay an exclusive 6% cashback. This cashback is earned simply by paying using FavePay at Parkway Parade’s merchant, which can be done by scanning the […]
September 24, 2018
Emerging Enterprise Award 2018-Disruptive Innovation-FOMO Pay-Cashless Payment

FOMO Pay recognised with Emerging Enterprise Award 2018

We are proud to announce that FOMO Pay is recognised with the SG SME Emerging Enterprise Award 2018, for its enterprising mindset, excellent business performance and business potential. We are grateful for the honour from the judges as well as clients and partners who supported us along the way, contributing to the cashless society and Smart Nation with our innovative technology. FOMO Pay started in 2015, which acts as a one-stop mobile payment aggregator that helps merchants connect both offline and online mobile wallet and credit cards. To date, FOMO Pay have more than 10 giant payment solution partners offering […]
September 21, 2018
Grab Pay-Cashless-Mobile Payment-QR Code Payment-Malaysia-eWallet

Local Banks promote cashless payment with attractive perks

Local Banks are working with major payment provider like NETS and mobile payment providers to provide attractive perks to encourage their customers to go cashless, as part of Singapore’s Smart Nation initiative. DBS Since March, DBS Bank has been offering up to 10% monthly cashback for its customers who made more than $400 spending on transaction below $200, as well as, zero cash withdrawal within that month. This cashback incentive of up to $50 a month will be automatically credited into the customer’s account and will cost DBS an estimated cost of $10 million for this promotion, which ends on […]