MAS FinTech Valley: FOMO Pay exhibits in India’s First FinTech Spring Conference

Andhra Pradesh of India held its first FinTech Spring Conference on 9 and 10 March 2017 at Novotel, Visakhapatnam (Vizag). Vizag, the largest city in Andhra Pradesh and the 8th largest economy in India with a GDP of USD $48 billion, is also home to the first dedicated hub for financial technology in India.

FOMO Pay was invited by the Monetary Authority of Singapore (MAS) to exhibit at the conference.

Founders of FOMO Pay, Liu Xi, Louis and Yang Zhan, pose for a photo at the event.

The FinTech Spring Conference aims to explore trends and opportunities in fintech and was jam-packed with activities, including panel discussions about hot fintech issues such as funding and the rise of cashless economies. The conference also provided attendees with access to skills and offered business support to startups.

“The Fintech Valley Spring Conference is our step in joining the Fourth Industrial Revolution, which is a spectacular combination of technology and Internet of Things (IoT). In recent times, technology has started influencing our lives in a comprehensive manner. The demand for FinTech is growing each day,” said Andhra Pradesh Chief Minister, Chandrababu Naidu via video conference.

The two-day event attracted 300 attendees from around the world and hosted over 30 international delegates from Japan, Singapore and Switzerland. 150 startup companies participated in the FinTech challenge, a sub-event startup challenge that offered prize rewards of INR 500,000 (S$10,721), free mentorship and office space for six months in FinTech Tower, Vizag.

A group of selected representatives from Singapore’s fintech community at the FinTech Spring Conference with Roy Teo, Director of the FinTech & Innovation Group at Monetary Authority of Singapore (MAS).

‍About FOMO Pay

‍FOMO Pay is the first authorized WeChat Pay & Baidu Wallet partner in Southeast Asia, and was selected as one of the TOP 100 Asian Companies by E27, TOP 100 Startups by Red Herring Asia, and Top 8 by DBS’ FinTech Accelerator Program. FOMO Pay provides a one-stop solution for local merchants by facilitating payment collection from the China market, including Chinese tourists. This comprises of online/offline Chinese payment modes, such as WeChat Pay, Alipay and Union Pay. FOMO Pay’s business solution serves clients from a wide range of industries, including the telecom, publishing, tourism and hospitality, F&B, education and retail industries.

Photo Credit: DQWeek