FOMO Pay, a payment technology company based in Singapore, has recently announced that it has become an official member of the Singapore Clearing House Association (SCHA).
The SCHA is a non-profit organization that operates the payment systems in Singapore, including the Automated Clearing House (ACH) and the Electronic Payment System (EPS). Membership in the SCHA enables FOMO Pay to participate in the interbank payment network and to provide its customers with more efficient and secure payment options.
According to FOMO Pay CEO, Louis Liu, becoming a member of the SCHA is an important step for the company as it continues to expand its presence in Singapore and the wider Southeast Asian market. Liu stated that the company’s membership in the SCHA will enable it to offer a wider range of payment options and to better serve its customers.
FOMO Pay provides payment solutions for merchants in a variety of industries, including hospitality, retail, and transportation. The company’s payment platform supports a range of payment methods, including credit and debit cards, e-wallets, and QR codes.
With its new membership in the SCHA, FOMO Pay is poised to become a major player in the Singaporean payments industry and to help drive the adoption of new payment technologies in the region.