FOMO Pay, a Singapore-based payment institution and partner of Ripple, has received a Money Service Operator (MSO) License from the Hong Kong government.
Ripple's Partner Receives Money Services License from Hong Kong
This new license allows FOMO Pay to enter the payment and remittance services sectors in Hong Kong's vibrant business environment, solidifying its position as a major player in the financial sector.
FOMO Pay's acquisition of its MSO License aligns with its broader vision of building a fully integrated financial ecosystem.
The company aims to provide cutting-edge payment and remittance services to businesses and individuals in Hong Kong.
Notably, FOMO Pay currently holds licenses from the Monetary Authority of Singapore (MAS) allowing it to provide a range of financial services. These services include domestic and cross-border money transfers.
FOMO Pay has become the first company in Singapore to receive MAS approval for its digital payment token services, reflecting its commitment to being at the forefront of financial innovation.
Allen Vincent, one of FOMO Pay's senior managers, shared his views on the future direction of the company and said:
“Looking ahead, our goals remain unchanged. We are committed to building a fully integrated financial ecosystem and providing our customers with exceptional solutions that catalyze business growth.”
*This is not investment advice.
