Prime Highlights-
- FOMO Pay will introduce DuitNow QR acceptance in Singapore, allowing Malaysian visitors to pay through their local banking and payment apps.
- The launch comes ahead of the Johor Bahru–Singapore RTS Link, which is expected to increase cross-border travel and consumer activity.
Key Facts-
- FOMO Pay is a Singapore-based payment company that provides digital and cross-border payment solutions for businesses.
- The RTS Link is expected to carry up to 40,000 passengers daily, strengthening connectivity between Singapore and Malaysia.
Background-
FOMO Pay is bringing DuitNow QR payments to Singapore, making it easier for Malaysian travellers to pay using their existing banking apps. Businesses will receive settlements in Singapore dollars.
The rollout will take place ahead of the launch of the Johor Bahru–Singapore Rapid Transit System in January 2027. The rail link is expected to improve connectivity between the two countries and increase traveller movement.
The payment service aims to help businesses serve a growing number of Malaysian visitors. The rollout will simplify payment acceptance for merchants serving Malaysian visitors.
Retail, food and beverage, and lifestyle businesses could benefit from easier payment transactions. The option could make transactions more convenient for visitors and easier for merchants to manage.
FOMO Pay said increasing travel within the region is changing how consumers make purchases across borders. The company expects real-time payment systems to play a larger role in supporting everyday transactions between neighbouring countries.
The initiative is part of FOMO Pay’s efforts to connect merchants with payment networks across Asia through a single platform. The company said the move will help businesses serve international customers more effectively and support growing spending between Singapore and Malaysia.
The launch reflects the growing demand for seamless cross-border payment services in Southeast Asia. Rising travel between Singapore and Malaysia is increasing the need for easier payment methods. Visitors will be able to make payments more easily. The service could also strengthen commercial ties between the two countries.
