Recent Blogs

February 25, 2019

FOMO a member of the SGQR taskforce, works towards creating a cashless society amongst Singapore-based businesses

FOMO Pay, a one-stop QR code payment solution provider works under the Monetary Authority of Singapore (MAS) as one of the members of the SGQR task force in transforming Singapore into a cashless society. SGQR, Singapore’s unified payment QR code has empowered many small and medium businesses to connect with the digital age and the rising group of tech-savvy consumers more efficiently. Click below to find out how SGQR enables a productive payment experience for consumers and merchants. As one of the largest digital payment aggregators and gateway in Singapore, FOMO Pay was nominated to be the founding member of […]
February 18, 2019

The SGQR Taskforce: Introducing World’s First Unified Payment QR Code

In August 2017, the Payments Council, a group of leaders from banks, payment service providers, businesses, and trade associations, advocated the use of QR code-based payments as a practical and convenient way to introduce e-payments to merchants. However, it was noted the proliferation of more proprietary QR codes at merchants risked fragmentation of payment solutions and inefficiency among merchants and consumers. The Payments Council then formulated an industry taskforce to develop a common QR code specifications for e-payments known as Singapore Quick Response Code (SGQR), a unified QR code that combines multiple payment QR codes into a single label to […]