Tag "fomo pay"
FOMO Pay Partners Klasha for Cross-Border Payments Between Asia and Africa
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
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FOMO Pay and Digibank Zand Join Forces for Asia-MENA Remittances
Singaporean payment institution FOMO Pay and United Arab Emirates’ digital bank Zand have partnered to improve cross-border payment efficiency between Asia and the Middle East and North Africa (MENA) region. This collaboration seeks to streamline B2B transactions and enhance the
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Mastercard, FOMO Pay to Allow SGQR Payments By Scanning Cards
Mastercard Singapore and FOMO Pay have collaborated to introduce Mastercard QR within SGQR, the unified national QR code of Singapore. This initiative, in line with EMVCo Merchant-Presented QR standards, allows cardholders to use Mastercard credit and debit cards for payments
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FOMO Pay Enters Hong Kong Market With Newly Acquired License
FOMO Pay has announced its acquisition of a Money Service Operator (MSO) License from the Hong Kong Customs and Excise Department. This license will enable FOMO Pay to start offering payment and remittance services in Hong Kong, aimed at improving
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FOMO Pay Enables Merchants to Accept Digital Singapore Dollar for Industry Pilot
Singapore-based payment institution FOMO Pay is participating in the Singapore Pitstop Pack industry pilot to enable merchants to accept Purpose Bound Money (PBM). Under the pilot programme, FOMO Pay will provide its hero merchants (Mount Faber and Jumbo) and participating
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FOMO Pay Now a Member of Singapore Clearing House Association
Major payments institution licensee FOMO Pay announced that it is now officially a member of the Singapore Clearing House Association (SCHA). The SCHA is an association formed in December 1980 to establish, manage and administer clearing services and facilities for
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MAS Initiates Digital Singapore Dollar Trials
The Monetary Authority of Singapore (MAS) has published a report detailing potential uses of a purpose-bound digital Singapore dollar (SGD) and the supporting infrastructure required. The report also marked the successful completion of Phase 1 of Project Orchid which explored
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FOMO Pay Raises US$13 Million in Series A Round Led by Jump Crypto
Singapore-based major payments institution licensee FOMO Pay announced that it has secured a US$ 13 million investment for its Series A funding round led by Jump Crypto. Other participating investors include HashKey Capital, Antalpha Ventures, Ab Initio Capital, and Republic
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FOMO Pay Taps Ripple’s Liquidity Solution for Same-Day Settlements Globally
Singapore-based major payments institution FOMO Pay announced that it will utilise Ripple’s crypto-enabled enterprise technology to improve its cross-border treasury flows. Ripple’s On-Demand Liquidity (ODL) leverages XRP, the digital asset built for payments as a bridge between two fiat currencies,
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FOMO Pay Enables Singaporean Retailers to Accept Crypto Payments
Singapore-based major payment institution FOMO Pay announced that local retailers can now accept digital payment tokens (DPT) through its new cryptocurrency payment solution. According to a statement by FOMO Pay, the new payment method targeted at retailers is the first
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