Fomo Pay: Secures Singapore PSA licence

Fomo Pay: Secures Singapore PSA licence

  • FOMO Pay is a leading fintech company founded and headquartered in Singapore, the first of its kind
  • Announced that it granted new licenses from the Monetary Authority of Singapore (MAS) to operate three new regulated activities
  • By securing these licenses, the company now gains a strong foothold to provide a robust range of credible payment-based solutions
  • The company now holds four out of seven key regulated activities under the Payment Services Act (PSA) licensing framework
  • This further elevates its leading position as a one-stop payment solution provider in Singapore and the region
  • Began as a Singapore FinTech company offering the flagship solution of helping online and offline merchants
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Mastercard, Visa, and Revolut Lose UK Legal Challenge on Card Fee Cap

Major financial players face setback in legal efforts against fee regulations. Highlights:UK court dismisses Mastercard, Visa, and Revolut's...

LSEG Launches Blockchain-Based Digital Settlement Network

This new platform aims to enhance financial settlement processes.Highlights: LSEG has launched a blockchain-enabled digital settlement network.The platform...

SWIFT to Build Shared Ledger for Tokenised Asset Transactions

New initiative aims to streamline digital asset transactions globally.Highlights: SWIFT is launching a shared ledger for tokenised assets.The...

Keye Launches AI Co-Pilot for Private Equity Due Diligence

Innovative tool aims to streamline investment analysis and decision-making.Highlights: Keye introduces an AI co-pilot for private equity due...