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24/04/2017 Banking Innovation
One-stop Online and Offline Alternative Payment Solution
Innovation details
Country
Singapore
Category
Payments & Wallets

Innovation presentation

FOMO Pay enables merchants to provide a full suite of Alternative payment methods including WeChat Pay, Union Pay, Baidu Wallet, Apple Pay, Samsung Pay and many more to their customers. We are inspired to create a global cashless society where local mobile payment solutions can be utilised anywhere in the world through our aggregation. Due to our unique value proposition, we managed to onboard hundreds of merchants in less than a year and transaction volumes has since been growing immensely. From setting up to accepting transactions, it will only take our merchants a matter of 5 minutes. Accepting transactions are also extremely efficient, needing only 5 seconds each time. As we continuously add payment methods into our line-up, merchants get the benefit of adding them with little marginal effort. Traditionally they may have to source and approach the payment modes individually, with FOMO Pay, it's once and forever.

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