Hong Kong’s role as an international financial hub creates a unique opportunity for FOMO Pay to extend its expertise to the Greater Bay Area. With a growing demand among businesses for enhanced connectivity, FOMO Pay is well-positioned to leverage its integrated digital payment and digital banking solutions to facilitate cross-border transactions. In addition, Hong Kong’s established regulatory framework provides a stable platform for financial innovation, fostering an environment conducive to the growth of fintech players like FOMO Pay.
Allen Vincent, a senior management member of FOMO Pay, said, “We’re excited about the opportunity to provide merchants and corporates in Hong Kong with our industry-leading solutions. Our wealth of expertise, coupled with a well-established regulatory framework, ensures a solid foundation for us to support fast, secure and compliant transactions, allowing businesses to grow without borders.”
The attainment of an MSO license in Hong Kong was no easy feat, as the process involved rigorous application and review stages. This accomplishment is a testament to FOMO Pay’s comprehensive capabilities and its commitment to upholding robust regulatory standards.
“Our remarkable journey started in Singapore, and we have now expanded our footprint to Hong Kong. The effort in obtaining the MSO license demonstrates our commitment to continuously adding value to our clients. 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,” said Vincent.