FOMO Pay launches ShopBack Pay for merchants to expand payment acceptance

FOMO Pay launches ShopBack Pay for merchants to expand payment acceptance.

The ShopBack Group is Asia-Pacific's leading shopping and rewards platform, serving over 35 million shoppers across ten markets (close to 2 million users in SG). In 2022, ShopBack launched ShopBack Pay and PayLater, extending the platform's offerings into financial services, providing shoppers responsible and convenient payment options at checkout.

By adding ShopBack Pay to its payment schemes, FOMO Pay enables our merchants to connect with ShopBack shoppers and grow their business with ShopBack touchpoints. Merchants will benefit from the enhanced payment acceptance capability with 25+ prevailing payment options by connecting to FOMO Pay at one go, including credit cards, digital wallets, PayNow, Buy Now Pay Later and cryptocurrency payment.

FOMO Pay strives to expand merchants' commercial reach and empower more businesses with our comprehensive one-stop digital payment solution.

About FOMO Pay

‍Founded in 2015, FOMO Pay Pte Ltd is a major payment institution (License No. PS20200145) regulated under the Payment Services Act in Singapore, licensed by the Monetary Authority of Singapore (MAS) to conduct Cross-border Money Transfer Service, Domestic Money Transfer Service, Digital Payment Token Service, and Merchant Acquisition Service. The firm has become a leading one-stop digital payment and banking solution provider and is currently building Asia’s first licensed gateway helping institutions and businesses to connect between fiat and cryptocurrency. The firm offers its three flagship products:

• FOMO Payment – One-stop digital payment solution for merchants, corporates and financial institutions
• FOMO iBank – Facilitate businesses’ everyday requirements for transactional banking needs
• FOMO Crypto – Asia’s First licensed gateway bridging crypto and fiat