Founded in 2015, the fintech company provides a one-stop solution for merchants in Singapore and Malaysia by facilitating a variety of payment methods, including through WeChat Pay, Baidu Wallet, Grab Pay, and Visa QR.
Some of its clients include Singapore Press Holdings, Marina Bay Sands, StarHub, Changi Airport, Resorts World Sentosa, Singapore Airlines, and Jumbo Group, among others.
In July 2020, AMTD Digital, the integrated digital solutions arm of Hong Kong financial institution AMTD Group, said it was set to acquire Fomo Pay via a combination of share swap and cash. The acquisition deal was subject to the approval of the Monetary Authority of Singapore (MAS).
Meanwhile, Singapore-headquartered Atome is a BNPL firm that was launched in December 2019. It claims to have partnered with over 3,000 online and offline retailers in nine markets: Singapore, Indonesia, Malaysia, Hong Kong, Thailand, the Philippines, Taiwan, Vietnam, and mainland China.
Its key merchant partners and ecommerce platforms include Sephora, Agoda, Aldo, Zara, Marks & Spencer, Charles & Keith, Yoho, JD.ID, and Sendo.
“Consumers today expect convenience, transparency, and flexibility in their payment experience. This partnership will support businesses in enabling a fast, safe, and seamless checkout experience that will accelerate business growth and sales,” said Trasy Lou Walsh, general manager for Atome Singapore and Malaysia.