Business Telegraph

.

FOMO Pay becomes SWIFT member and obtains dedicated BIC

  • Written by Telegraph Magazine

SINGAPORE - Media OutReach - 29 December 2022 - FOMO Pay, the Singapore-headquartered major payment institution, announces that it has become an official SWIFT member and obtained its own Business Identifier Code (BIC), also known as SWIFT Code: FOMPSGSG.



This is a meaningful achievement for FOMO Pay in its pursuit to provide more efficient, secure, and reliable payment services. FOMO Pay will utilize the SWIFT Code to eliminate manual errors, reduce transfer fees and times, and streamline business transaction processes, thus enhancing its clients' global collection and payout experiences.

SWIFT is the world's leading financial messaging service provider, connecting more than 11,000 banks and financial institutions in over 200 countries. SWIFT Code is used to identify financial institutions and allow them to communicate with one another for seamless fund transfers.

Hashtag: #FOMOPay #SWIFT #BIC #SWIFTCode #Payments #Collections #Payouts #GlobalTransfer #FinancialInstitution

The issuer is solely responsible for the content of this announcement.

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

FOMO Pay Official Website Link:

Entrepreneurs & Leaders

Understanding Root Canals: When and Why They Are Necessary

Amongst the common dental treatments of infections in the pulp of a tooth is the root canal. The pulp of the tooth i...

Seasonal Maintenance of Anti-Bird Netting

Installation of bird netting is one of the measures that can be taken to ensure birds do not set foot in your proper...

Custom Kitchens Reflect Individual Personality and Lifestyle

Custom kitchens in Penrith have turned into a popular decision for property owners looking for special and practical...

Minimum Wage Entitlements for Casual and Part-Time Workers in Australia

The minimum wage in Australia stands as a crucial right for all workers, regardless of whether they are casual, part-t...

How Expert Removalist Companies Handle Heavy Furniture with Ease

Moving heavy furniture is tough and challenging. It requires special skills and tools to move large items safely without...

7 Questions to Ask Before Hiring a Local Moving Company

Hiring a local removal company is essential to make your move smooth and stress-free. Whether you’re moving to a new h...

Audience Trust: 5 Tips for Monetising Your YouTube Channel Without Losing Subscribers

Monetising a YouTube channel can be an exciting milestone, but it’s essential to do so carefully if you want to maintain...

Reducing Vacancy Rates with Strategic Property Management in Brisbane

In the competitive landscape of Brisbane's rental market, reducing vacancy rates is a pressing concern for property owne...

Benefits of Buying Second Hand Designer Clothes

In an era where sustainability and budgeting are more crucial than ever, the appeal of buying second-hand designer clo...