According to Foresight News, Singapore-based digital payment provider FOMO Pay has entered into a strategic partnership with UAE-based digital bank Zand Bank to promote seamless cross-border payments between Asia and the Middle East and North Africa (MENA) region. Through this collaboration, both parties aim to further provide fast, secure, and cost-effective digital payment and banking solutions to optimize the cost-effectiveness and time efficiency of B2B cross-border transactions.
FOMO Pay is a payment institution authorized by the Monetary Authority of Singapore, and its cross-border remittance services have covered more than 70 countries. Recently, FOMO Pay obtained a license in Hong Kong, where it will launch payment and remittance services to further promote cross-regional economic ties in the Greater Bay Area. Zand Bank is a fully authorized digital bank by the Central Bank of the UAE, focusing on digital innovation.
