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.

“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.