FOMO Pay Partners with OCBC to Enhance Payment Capabilities in Malaysia
(22 April 2020 – Singapore) Singapore-based digital payment and digital banking solution provider FOMO Pay is developing OCBC OneCollect in collaboration with OCBC, which is Malaysia’s first merchant cross-border QR code collection service.
Through the new partnership, Malaysia merchants can collect payments from Singapore customers on PayNow via direct QR code payments. Prior to this, QR code payments in Malaysia could only be done in local currency (Ringgit). Businesses will receive instant notifications when a payment is completed with reconciliation by the end of the day. The latest move follows the launch of FOMO Pay’s Kuala Lumpur office, which ties in with the company's expansion strategy to focus on Southeast Asia and other emerging economies.
“The collaboration opens up opportunities to provide customer support in a larger territory, and signals continued rapid growth for the company in the region,” Fomo Pay said in a statement.
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