SINGAPORE, Nov. 6, 2024 /PRNewswire/ -- FOMO Pay Pte Ltd ("FOMO Pay"), a Singapore-headquartered major payment institution, has announced an agreement with BNY, a global financial services company, to streamline USD payments for corporate clients. BNY's global payments expertise will complement FOMO Pay's digital payment solutions to deliver robust cross-border payment and collection solutions.
With access to direct clearing via BNY, FOMO Pay will offer its clients an expanded range of efficient and secure payment options. The integration of BNY's global reach with FOMO Pay's innovative payment infrastructure, including QR code payment settlements and seamless multi-currency cross-border transactions, will help enhance the speed and safety of international payments for FOMO Pay's corporate clients.
Together, FOMO Pay and BNY will deliver value-added payment solutions that cater to the diverse needs of businesses in an increasingly connected, digital-first economy. This announcement recognizes FOMO Pay's dedication to fostering financial inclusion and growth across the APAC region and beyond.
About FOMO Pay
Founded in 2015, FOMO Pay Pte Ltd is a major payment institution licensed in Singapore and Hong Kong. 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 BNY
BNY is a global financial services company that helps make money work for the world – managing it, moving it and keeping it safe. For 240 years BNY has partnered alongside clients, putting its expertise and platforms to work to help them achieve their ambitions. Today BNY helps over 90% of Fortune 100 companies and nearly all the top 100 banks globally to access the money they need. BNY supports governments in funding local projects and works with over 90% of the top 100 pension plans to safeguard investments for millions of individuals, and so much more. As of September 30, 2024, BNY oversees $52.1 trillion in assets under custody and/or administration and $2.1 trillion in assets under management.
BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Headquartered in New York City, BNY employs over 50,000 people globally and has been named among Fortune's World's Most Admired Companies and Fast Company's Best Workplaces for Innovators. Additional information is available on www.bny.com. Follow on LinkedIn or visit the BNY Newsroom for the latest company news.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
FOMO Pay Taps into BNY's USD Clearing Services to Expand Digital Payment Capabilities Globally
SINGAPORE, Nov. 6, 2024 /PRNewswire/ -- Zerova Technology, a leading innovator in electric vehicle (EV) charging solutions, is set to make its debut at the Singapore International Transport Congress and Exhibition (SITCE) 2024 from November 6 to 8. This marks the company's first participation in the prestigious event, where it will highlight its cutting-edge charging technologies designed to meet the evolving needs of the Southeast Asian market.
As part of its strategic expansion into Southeast Asia, Zerova Technology is actively building partnerships and establishing a robust presence in the region. With the growing adoption of electric vehicles across key markets such as Singapore, Malaysia, and Thailand, Zerova aims to deliver reliable and scalable charging infrastructure tailored to the unique demands of Southeast Asian cities.
Strong Demand in EV Market Drives Zerova Technology's Expansion for Southeast Market
At SITCE 2024, Zerova will showcase a range of high-performance charging equipment tailored for various applications, including fleet and public charging. Featured products include the AX32 Level 2 AC chargers, designed for residential and commercial use, and DW 30 kW DC charger, DS120 kW DC charger, and the DD Series 360kW DC fast charger capable of charging two vehicles simultaneously. These solutions provide not only powerful charging performance but also the versatility to meet the demands of both small-scale residential setups and large commercial operations.
A key highlight of Zerova's exhibit will be DQ480, offering up to 480 kW of power, a leap forward in EV charging technology, capable of charging four vehicles simultaneously through four separate charging connectors. This streamlined quad-charging system lowers the average installation costs per vehicle, making the DQ480 cost-effective and space-efficient. This solution is engineered for urban environments where space is limited but fast, efficient charging is essential—such as in fleet depots, gas stations, and shopping centers—boosting charging efficiency and vehicle turnaround time for operators.
Zerova will also introduce its Megawatt Charging System (MCS), which is designed for long-haul electric trucks, commercial vehicles, and electric vessels. This cutting-edge technology enables rapid, high-capacity charging, addressing the growing demand for sustainable, fast-charging solutions in Southeast Asia and beyond.
Zerova's presence at SITCE 2024 underscores its commitment to providing flexible and reliable charging infrastructure to support the global transition to electric mobility. With a focus on offering tailored solutions for different market needs, Zerova continues to empower vehicle manufacturers, charging operators, and partners with advanced technology designed to drive the future of sustainable transportation in Southeast Asia and around the world.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Zerova Technology to Make Debut at SITCE 2024, Showcasing Flexible EV Charging Solutions for Southeast Asia
