FOMO Pay Partners Klasha for Cross-Border Payments Between Asia and Africaby Fintech News Singapore February 1, 2024
FOMO Pay, a digital payment and digital banking solutions provider in Asia, has entered into a strategic partnership with global cross-border payment company Klasha.
The collaboration aims to facilitate easier payment collections and payouts for FOMO Pay’s corporate clients, allowing businesses to conduct transactions in local African currencies while receiving funds in their chosen currencies.
This initiative is also expected to open up new markets for Asian businesses in Africa, helping them to expand their customer reach.
With Asia being a major trade partner for Africa, accounting for over 40% of the continent’s trade, the partnership seeks to simplify payment processes for businesses operating between these regions.
Jess Anuna, CEO of Klasha said,
“We are excited about our new partnership with FOMO Pay and what this unlocks for merchants in Africa and Asia. With combined efforts, we will continue to enable merchants in Asia to collect payments from the continent more seamlessly through our payment rails and our unique ability to terminate payments in greater Asia. We look forward to widening our services to more merchants with this partnership.”
Zack Yang, Co-founder of FOMO Pay said,
“In this era of globalization, the synergy between FOMO Pay and Klasha marks a significant milestone in increasing financial connectivity between Africa and Asia. Our partnership is more than just a business collaboration; it’s a commitment to fostering seamless payments and economic growth across continents. By partnering with Klasha, we enhance our service offerings, expand payment corridors, and empower our institutional clients to grow in the global market.”