FOMO Pay unveils partnership with Visa to enable scan-and-pay card transactions 

by

Azunta Gaviola

-

2 months ago

Get ready to explore the future of marketing and elevate your business! The ‘What’s NEXT in Marketing 2024-2025’ series is heading to Indonesia, Malaysia, the Philippines, Singapore, and Hong Kong. Don’t miss out!

Singapore – Singapore-based payment institution FOMO Pay has announced that it has recently partnered with digital payments firm Visa. The new partnership will enable FOMO to incorporate Visa’s QR into the SGQR network, allowing cardholders to scan the QR code and pay with their Visa cards. 

Simultaneously, FOMO Pay will facilitate SGQR merchants to process Visa QR payments, offering customers the option to use Visa credit and debit cards for scan-and-pay in Singapore. 

Through the integration, the partnership both streamlines payment acceptance and enhances the vision of a cashless economy and drives digital transformation in the region. These efforts mark a significant advancement in the digital payments landscape, enhancing financial inclusion for SMEs across Singapore. 

Louis Liu, founder and CEO at FOMO Pay, stated, “Becoming the first Visa QR acquirer and processor is a testament to FOMO Pay’s leadership in digital payments and our commitment to fostering a cashless society. As digital payment trends evolve, it is essential for both merchants and consumers to have access to seamless payment solutions.”

Liu added, “This collaboration with Visa enables us to empower more small and medium-sized businesses, expanding their reach to millions of global Visa cardholders and reinforcing our mission to drive success in Singapore’s dynamic digital economy and beyond.”

“This partnership is an important step in expanding Visa QR acceptance beyond our merchants’ network and empowering more choice to consumers,” said Adeline Kim, country manager for Singapore and Brunei at Visa. 

Kim then shared, “By working with partners such as FOMO Pay who have successfully introduced digital payments acceptance to many small and medium businesses, we are able to increase our merchant acceptance footprint. Our study shows that QR usage from consumers across Southeast Asia is increasing and we are seeing more cross-border QR linkages being established.”

“Hence, it is important that we provide tourists with an alternative payment method of choice and support SMBs in Singapore with a low-cost merchant payment solution,” she further explained.

Additionally, FOMO Pay has also launched a fully digital onboarding process on its official website to help SMEs integrate digital payments. This initiative enables quick and seamless integration of a full suite of digital payment methods, including the upcoming Visa QR.

 

Happening in Singapore on 19-20 February 2025, the ‘What’s NEXT in Marketing: Singapore 2025’ event presents an exceptional opportunity for marketers and industry leaders to talk about the future of marketing and drive success in the Singaporean market! Register now to secure your slot!
Join MARKETECH APAC and Bird for the ‘WhatsApp Marketing Masterclass‘ workshop and unlock effective strategies to engage and retain customers. Happening on 5 December 2024 at Sheraton Petaling Jaya, Malaysia—register your interest HERE!
Share

RECENT ARTICLES

NetApp introduces on-premises enterprise storage arrays for AWS Outposts, streamlining data management
Dennis Chia joins CelcomDigi as new chief financial officer
New expanded partnership between Ant Group, Nike China to drive e-commerce innovation, sustainability
Globe Telecom expands long-term collaboration with Vectra AI to boost its security infrastructure 
Real-time payments to offer banking access for 21m Filipinos, driving $323m economic growth by 2028
Ellipse 3

RELATED ARTICLES

1_dtcpay partners with Visa to enhance business payments with digital currency conversion feature_11zon
Visa partners with e-wallets in PH, SEA to drive expansion in consumer choices, services_11zon
1_Visa introduces new online toolkit to empower Filipino SME merchants, boost PH tourism_11zon (1)
Ellipse 3

FEATURED ARTICLES

Defence at the digital frontier Mimecast’s Stanley Hsu on building resilience against fraud, cyber risks in Singapore’s e-commerce scene
Tech in Focus How SUSE accelerates innovation, strengthens security across enterprise-grade products through open-source solutions_11zon (1)

Subscribe to UpTech Media Newsletter

Video Title Here: The Indonesian on-ground activation status

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos.

Video Title Here: The Indonesian on-ground activation status

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos.

Video Title Here: The Indonesian on-ground activation status

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos.