FOMO Pay will roll out DuitNow QR acceptance in Singapore, allowing Malaysian visitors to pay merchants using their local banking and payment apps.
The feature will allow Malaysian visitors to pay in Malaysian Ringgit through DuitNow QR, while FOMO Pay merchants receive settlement in Singapore Dollars.
The rollout comes ahead of the Johor Bahru-Singapore Rapid Transit System Link, which is expected to open in January 2027 and carry up to 40,000 passengers daily.
The rail link is expected to increase consumer traffic between Singapore and Malaysia.
The DuitNow QR Singapore rollout is aimed at merchants in sectors such as retail, dining and lifestyle.
By supporting DuitNow QR, merchants will not need to set up separate payment systems or manage foreign currency payments manually.
Malaysian consumers will be able to pay through banking and payment applications they already use at home.
Rose Wang, Head of Digital Payments at FOMO Pay, said,
“As travel and consumer movement across Southeast Asia becomes increasingly fluid, real-time payment rails like DuitNow are fast becoming part of the infrastructure powering everyday regional commerce.
Enabling DuitNow QR acceptance in Singapore helps merchants better connect with Malaysian consumers in ways that feel natural to how they already transact in their daily lives.”
The rollout forms part of FOMO Pay’s wider effort to help merchants connect to national instant payment systems in Asia through its multi-rail and multi-currency payment platform.
Featured image: Edited by Fintech News Singapore, based on image by farknot via Magnific
