imToken and FOMO Pay announce strategic partnership
SINGAPORE, November 10, 2021 / PRNewswire / – imToken, a world-class blockchain technology company in Singapore, best known for its reliable decentralized crypto wallet and FOMO Pay, a Singapore-a major payment institution whose head office has obtained the first digital payment token (DPT) service license from the Monetary Authority of Singapore (MAS), jointly announce a strategic partnership to integrate blockchain technology into payment solutions and other services for consumers and businesses.
Crypto innovation and blockchain technology are widely regarded as the next generation of digital finance. The MAS underlined its priority to be well positioned for the “tokenization economy “that may occur. There is a need to address the gaps in compatibility, compliance and interoperability with traditional finance. The cooperation between imToken and FOMO Pay creates the exact synergy needed to help bridge the gaps. gaps and accelerate new financial paradigms in Singapore and beyond.
Bin He, Founder and CEO of imToken, said:
“We are delighted to partner with FOMO Pay to provide next-generation non-custodial payment and wallet services under Singapore‘s regulatory regime. Since our inception 5 years ago, the imToken wallet has gained worldwide recognition and we continue to work hard to make blockchain technology more intuitive and accessible to everyone. With FOMO Pay‘s vision of digital payments and a diversified merchant network with imToken‘s trusted brand and blockchain know-how, we are confident to integrate blockchain, digital assets and payments to improve financial efficiency and convenience for everyone‘daily life. “
Zack Yang, the co-founder of FOMO Pay said:
“As the first DPT license holder in Singapore, we are pleased to announce our partnership with imToken to provide our clients with next generation non-custodial payment and wallet services. Since 2015, FOMO Pay has constantly focused on enabling digital payment to foster financial inclusion. With imToken‘As a world benchmark technology, we are now in a position to further extend our product offering to the blockchain space. We believe this partnership will bridge the gap between the traditional financial system and Web 3.0 on financial services, and bring the benefits of payment technology innovation to society.. “
Singaporedecentralized digital wallet based on imToken is used to manage and protect a wide range of assets, identities and data based on blockchain and tokens, in order to create the most intuitive and reliable digital wallet that gives access equal to all in the tokenized world. Since its inception in 2016, it has helped its users transact and exchange billions of dollars in over 150 countries around the world. imToken allows its users to manage assets across 12 mainstream blockchains, as well as seamlessly connect to DApps through a decentralized application browser. For more information, please visit the official website: https://token.im
About FOMO Pay
FOMO Pay Pte Ltd (“FOMO Pay “) is a major payment institution (License No. PS2020145) in Singapore, approved by the Monetary Authority of Singapore to perform cross-border money transfer service, domestic money transfer service, digital payment token service and merchant acquisition service. Founded in 2015, we have grown into a leading provider of one-stop digital payment solutions, providing merchants and financial institutions with a full range of payment methods in emerging markets across South East Asia, Africa and the Middle East, including card payment acceptance, QR payment and the next cryptocurrency that has risen as regulators push forward an agenda for a cashless society and financial inclusion. The company has received the trust of more than 10,000 customers. FOMO Pay is also a founding member of the Singapore Quick Response Code (SGQR) Working Group, helping to create the national standard to unify all e-wallets and promote a cashless society in Singapore.