Singapore payment provider FOMO pay We partnered with visa To enable small businesses to accept Visa credit and debit card payments. National SGQR code system.
As part of this partnership, FOMO Pay will become Singapore’s first Visa QR acquirer and processor.
The move comes as QR code payments grow in popularity in Southeast Asia, with nearly three in five consumers in the region now using QR code payments.
FOMO Pay already supports over 25 digital payment methods, and integrating Visa’s QR code into the SGQR network will enable businesses to accept a wider range of payments.
To help small and medium-sized businesses adopt digital payments, FOMO Pay has launched an all-digital onboarding process. Official website.
This process aims to streamline the integration of digital payment methods for small and medium-sized businesses.
Louis Liu, Founder and CEO of FOMO Pay, said:
“Becoming the first Visa QR recipient and processor is a testament to FOMO Pay’s leadership in digital payments and our commitment to promoting a cashless society.
This partnership with Visa will enable us to empower more small and medium-sized businesses, expand our reach to millions of Visa cardholders around the world, and expand our reach into Singapore’s dynamic digital economy and beyond. strengthens our mission to drive success in ”
Adaline Kim, Visa Country Manager for Singapore and Brunei, said:
“By working with partners such as FOMO Pay, which has successfully introduced digital payment acceptance to many small and medium-sized businesses, we can expand our merchant acceptance footprint.
Our research shows that QR usage by consumers across Southeast Asia is increasing, and cross-border QR collaborations are becoming more established. Therefore, it is important to provide tourists with alternative payment methods and support Singapore’s small and medium-sized businesses with low-cost merchant payment solutions. ”
Featured image credit: Edited from freepic
