SINGAPORE, Oct. 3, 2024 /PRNewswire/ -- FOMO Pay, a leading Singapore-based major payment institution announced a strategic partnership today with Visa, the world's leader in digital payments. Through this collaboration, FOMO Pay will integrate Visa's QR into the SGQR network, enabling cardholders to scan the QR code and pay with their Visa cards. FOMO Pay will enable SGQR merchants to accept Visa QR payments, enabling the use of Visa credit and debit cards for scan-and-pay in Singapore.
As a fintech company with a global footprint, FOMO Pay offers one-stop digital payment, digital banking, and digital asset services to businesses worldwide. In Singapore, the company supports wide categories of merchants and SMEs in accepting over 25 digital payment methods, including Singapore Quick Response Code (SGQR) payment, a national unified QR payment system.
According to a recent Visa Consumer Payment Attitudes Study, QR code payments are emerging as the second most commonly used payment method in the Southeast Asia region, with nearly three in five Southeast Asian consumers now using QR code payments. In response to the growing demand for digital payments, FOMO Pay and Visa are collaborating to introduce Visa QR into the SGQR network, allowing merchants to accept Visa credit and debit cards through SGQR codes.
Louis Liu, founder and CEO of FOMO Pay, said, "Becoming the first Visa QR acquirer and processor is a testament to FOMO Pay's leadership in digital payments and our commitment to fostering a cashless society. As digital payment trends evolve, it is essential for both merchants and consumers to have access to seamless payment solutions. This collaboration with Visa enables us to empower more small and medium-sized businesses, expanding their reach to millions of global Visa cardholders and reinforcing our mission to drive success in Singapore's dynamic digital economy and beyond."
"This partnership is an important step in expanding Visa QR acceptance beyond our merchants' network and empowering more choice to consumers," said Adeline Kim, Visa Country Manager for Singapore & Brunei. "By working with partners such as FOMO Pay who have successfully introduced digital payments acceptance to many small and medium businesses, we are able to increase our merchant acceptance footprint. Our study shows that QR usage from consumers across Southeast Asia is increasing and we are seeing more cross-border QR linkages being established. Hence, it is important that we provide tourists with an alternative payment method of choice and support SMBs in Singapore with a low-cost merchant payment solution," she added.
To support SMEs in adopting digital payments, FOMO Pay has introduced a fully digital onboarding process on its official website, enabling quick and seamless integration of a full suite of digital payment methods, including the upcoming Visa QR.
The partnership between FOMO Pay and Visa marks a significant advancement in the digital payments landscape, enhancing financial inclusion for SMEs across Singapore. By integrating Visa QR into the SGQR network, this collaboration not only streamlines payment acceptance but also advances the vision of a cashless economy and drives digital transformation in the region.
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, digital banking, and digital asset solution provider. It is currently building Asia's fully licensed financial platform, helping institutions and businesses connect between fiat and digital currency. The firm offers its three flagship products:
Visit www.fomopay.com for more information. For media inquiries, contact marketing@fomopay.com.
About Visa
Visa (NYSE: V) is a world leader in digital payments, facilitating payments transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at www.visa.com.sg
For further media information, please contact:
Grace Tan
Visa
Tel: +65 9823 6516
Email: grtan@visa.com
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
FOMO Pay partners Visa to expand digital payments acceptance for Small Medium Enterprises in Singapore
KUALA LUMPUR, Malaysia, Oct. 3, 2024 /PRNewswire/ -- Looking for a laundry solution that saves time, energy, and effort? Samsung's latest innovation, the Bespoke AI Laundry Comboâ„¢, has arrived, designed to revolutionize the way you do laundry. This all-in-one washer and dryer combines cutting-edge technology to deliver exceptional performance and convenience.
Heat Pump Drying Technology – Efficiency and Innovation Packed in One
Powered by Heat Pump Technology, it conserves energy while gently drying clothes, preventing fabric shrinkage. Gone are the days of transferring wet laundry from washer to dryer—this combo unit does it all in one go. The use of heat pump technology makes drying 75%[1] more energy efficient and reducing drying time up to 60%[2] as compared to conventional dryers, all while being gentle on your clothes.
Your clothes deserve the best care, and Samsung delivers just that. The Bespoke AI Laundry Combo™ gently dries clothes using a 60℃ air flow, preserving their quality and preventing damage. This careful balance of gentle drying and energy efficiency ensures that even delicate fabrics are well looked after.
Super Speed – Super Convenience
Imagine getting your clothes washed and dried in less than two hours. With the Bespoke AI Laundry Comboâ„¢, you can wash and dry large loads of laundry in just 98 minutes[3]! The Super Speed Cycle washes a large load in just 28 minutes[4] and dries in 70 minutes[5], thanks to the cutting-edge Speed Spray and Swirl+ Drum technologies.
AI Wash and Dry
Moreover, the AI Wash & Dry[6] feature intelligently senses fabric type and soil level, ensuring the right amount of water and detergent is used every time. It's not just a washing machine; it's a smart companion that makes laundry easier and more efficient.
The user-friendly 7" LCD display allows you to easily select and control your laundry functions, making operation simple. And, after washing, it provides an energy and water consumption report through the SmartThings App. The Flex Auto Dispense System adds the right amount of detergent and fabric softener for each load[7], so you no longer need to worry about guessing measurements. This system holds enough for up to 17 loads of washing, but if you are only using detergent without softener, it can hold enough detergent for up to 32 loads[8]—talk about convenience!
Don't Miss Out!
Pre-order your Bespoke AI Laundry Combo™ between 1st October to 31st October[9] and take advantage of our exclusive promotion! Originally priced at RM14,999, it is now available for RM12,999[10] during the pre-order period. Plus, get RM2,000 worth of TNG eWallet credit[11] with your purchase—redeemable from 1st October to 26th November 2024[12].
With Samsung's cutting-edge technology and sleek design, this washer-dryer combo is the perfect addition to any modern home. Why do more when you can do more with less?
To pre-order the Bespoke AI Laundry Comboâ„¢, please visit: https://www.samsung.com/my/washers-and-dryers/washer-dryer-combo/wd8000dk-combo-all-in-one-combo-super-speed-25kg-gray-wd25db8995bzfq/
About Samsung Electronics Co., Ltd.
Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, home appliances, network systems, and memory, system LSI, foundry and LED solutions, and delivering seamless connected experiences through its SmartThings ecosystem and open collaboration with partners. For the latest news, please visit the Samsung newsroom at news.samsung.com.
"SAMSUNG MALAYSIA ELECTRONICS (SME) SDN BHD [Company No. 200301026766(629186-D)]".
[1] Based on internal testing and verified by KATRI (Korea Apparel Testing Research Institute) of the cycle energy consumption when drying an IEC 3kg load with Cotton cycle. Results: Bespoke AI Laundry Combo model with a heat pump (WD21B6400KV) = 0.8kWh vs. WD21B6400KV/** combo model with a condenser = 3.6kWh, which is a reduction of 75%. Individual results may vary based on actual load contents.
[2] Based on internal testing of the cycle time when drying an IEC 3kg load with Cotton cycle. Results: Bespoke AI Laundry Combo model with a heat pump (WD21B6400KV) = 78 minutes vs. WD21B6400KV/* combo model with a condenser = 202 minutes, which is a reduction of 60%. Individual results may vary based on actual load contents.
[3] Based on internal testing and verified by KATRI (Korea Apparel Testing Research Institute) of the cycle time when drying a DOE (cotton 50% + polyester 50%) 3kg load with Super Speed cycle of WD25DB8995BZ. Results: The washing and drying cycle was completed in 98. Results may vary depending on the actual usage environment.
[4] Wash: Based on using a Super Speed cycle with an 10lb DOE (cotton 50% + polyester 50%) load. Individual results may vary based on actual load contents.
[5] Dry: Based on using a Super Speed cycle with an 10lb DOE (cotton 50% + polyester 50%) load with a Residual Moisture Content (RMC) of 48% after a wash cycle. Individual results may vary based on actual load contents.
[6] AI Wash & Dry's detection and sensing capabilities are based on our deep learning models trained using predefined set of data and may yield inaccurate or incorrect results. New datasets may be introduced to our learning models from time to time to enhance its accuracy.
[7] Actual results may vary depending on individual use.
[8] Expected number of loads: Detergent compartment can hold general detergent for up to 17 loads. Flex compartment can hold one of the following: softener for up to 19 loads, general detergent for up to 15 loads or specialty detergent for up to 36 loads.
[9] First come first served basis, and while stocks last.
[10] First come first served basis, and while stocks last.
[11] The availability of Pre Order TNG e-Wallet credit is on a first come first served basis, and while stocks last.
[12] First come first served basis, and while stocks last.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Save Time and Energy with Samsung's New Bespoke AI Laundry Combo™ - Pre-Order Now and Save Up To RM4,000!
