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FOMO Pay

FOMO Pay acquires new Hong Kong license

The license will allow FOMO Pay to operate businesses in Hong Kong.

SG-based payment institution FOMO Pay received a Money Service Operator (MSO) License from the Hong Kong government.

With the new license, FOMO Pay seeks to launch a payment and remittance business in Hong Kong.

FOMO also holds licenses from the Monetary Authority of Singapore (MAS) to conduct various financial services such as domestic and cross-border money transfers and merchant acquisition. 

FOMO is also the first firm in Singapore to receive MAS approval for digital payment token services.

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“As we look ahead, our goals remain unchanged, which is to establish a fully integrated financial ecosystem and deliver exceptional solutions to our clients that catalyze business growth," Allen Vincent, a senior management member of FOMO Pay said.

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