FOMO Pay collaborates with Zand Bank to promote cross-border payments, enhancing seamless cross-border payments between Asia and the Middle East and North Africa

2023-12-13 16:33:21

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ChainCatcher news, Singapore-based digital payment provider FOMO Pay has reached a strategic partnership with UAE digital bank Zand Bank, aiming to facilitate seamless cross-border payments between Asia and the Middle East and North Africa (MENA) region. Through this collaboration, both parties are committed to further providing fast, secure, and cost-effective digital payment and digital banking solutions to optimize the cost-effectiveness and time efficiency of B2B cross-border transactions.

FOMO Pay is a payment institution authorized by the Monetary Authority of Singapore, with its cross-border remittance services covering over 70 countries. Recently, it obtained a license in Hong Kong and will launch payment and remittance services there, further promoting cross-regional economic connections in the Greater Bay Area. Zand Bank is a fully licensed digital bank by the Central Bank of the UAE, focusing on digital innovation.

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