Fomo Pay expands digital payment service into Malaysia

Wednesday 22 April 2020 12:20 CET | News

Singapore-based digital payment solution provider Fomo Pay has opened an office in Malaysia and has partnered OCBC Bank on a cross-border funds collection service.


Under the partnership, Malaysia merchants can collect payments from Singapore customers on PayNow via direct QR code payments through OCBC OneCollect. Prior to this, QR code payments in Malaysia could only be done for local ringgit currency transactions.

Fomo's decision to open an office in Kuala Lumpur ties in with the company's expansion strategy to focus on Southeast Asia and other emerging economies, which are undergoing rapid digital transformation, it said.

Fomo Pay has made its first overseas foray into Malaysia, and has partnered OCBC Bank (Malaysia) to develop the country's first merchant cross-border QR code collection service, the Singapore-based firm announced on its blog.

More: Link

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: FOMO Pay, Malaysia, expansion, Singapore, QR payments, QR code collection, Asia, APAC, OCBC Bank, digital transformation, OCBC OneCollect, QR code payments
Categories: Payments & Commerce | Mobile Payments
Countries: Malaysia
This article is part of category

Payments & Commerce