FOMO Pay is the alternative payment platform for QR Code transactions. It allows retailers to accept a full set of digital and internet payments such as VISA QR (mVISA), WeChat Pay, and NETS Pay. This payment method is the first of its kind.
Full name of the company is “FOMO Pay Pte. Ltd.” The company was founded in 2015. The headquarter is located in Singapore. It is a multi-award-winning private fintech company which managed by Louis Liu Xi. Co-founder of the company is Zack Yang. FOMO Pay provides various payment products for corporate clients, such as web payments, mobile payments, payment terminals, payment link, marketplace, etc. The main goal of the company is to help foreign entrepreneurs enter the Chinese market. Launched in May 2016, FOMO Pay has signed up more than 100 individual merchants to accept payment options through mobile wallets in October and recorded 1.3 million dollars in transaction volume.
FOMO Pay offers different types of solutions for single merchants and enterprises. FOMO Pay offers a wide range of industry-specific solutions for processing non-cash payments at each point of sale for the merchants: a mobile application, a standalone POS-device, and integration with client’s POS-devices. For online stores, Fomo Pay supports payment by credit cards and mobile wallets. The service offers customers the possibility of an individual order, taking into account the already known preferences of the client, his location, risk level, and much more.