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About FOMO Pay
FOMO Pay is a Singapore-headquartered licensed payment institution operating across Southeast Asia, the Greater Bay Area, and the Middle East & North Africa. Its core business spans three areas: FOMO Payment (merchant acquiring and cross-border settlement), FOMO iBiz (transactional banking services for businesses), and FOMO Treasury (bridging digital assets with traditional finance).
The company's competitive edge lies in its regulated multi-rail, multi-currency payment network that connects traditional banking systems with institutional-grade blockchain infrastructure. As an approved validator on the Canton Network — alongside Goldman Sachs, DTCC, BNY Mellon, Visa, and BNP Paribas — FOMO Pay operates a dedicated node, enabling private, secure B2B settlement on a network processing over 600,000 transactions daily.
Market pain points addressed include fragmented payment acceptance across channels, slow cross-border settlement, and the difficulty for SMEs to access efficient treasury management tools. By unifying card, QR, e-wallet, and stablecoin payments into a single device, FOMO Pay reduces operational complexity for merchants.
In the past six months (Feb–Aug 2026), key developments include: launching the FOMO AI Soundbox (March), a compact payment device consolidating cards, PayNow, e-wallets, and stablecoins with real-time audio confirmation, alongside an AI-powered merchant intelligence layer; partnering with AX Coin (June), the first stablecoin issuer licensed by the Central Bank of Bahrain, to develop the Asia-Middle East stablecoin payment corridor; and receiving validator approval on Canton Network (August), strengthening its institutional-grade blockchain capabilities.
No material negative events were identified in the reporting period. The company remains distinct from other entities sharing the "FOMO" name in crypto or consumer finance sectors.
In the past six months, FOMO Pay has made key strides in institutional blockchain, cross-border payments, and AI-driven payment infrastructure.
Key developments:
- Received validator approval on Canton Network, joining a privacy-enabled blockchain for regulated financial markets to advance B2B payments and settlements; the network processes over 600,000 transactions daily.
- Partnered with NPCI International to enable UPI QR acceptance in Singapore, with Resorts World Sentosa as the first merchant; also announced upcoming DuitNow QR acceptance to serve cross-border traffic ahead of the 2027 RTS Link opening.
- Launched FOMO AI Soundbox, a single terminal aggregating cards, PayNow, e-wallets, and stablecoins, while building an AI-powered merchant intelligence layer.
- Signed an MOU with Lotus Technology and Star Path to explore RWA tokenization and on-chain payments for luxury mobility.
Future focus: Continue building a compliant multi-chain, multi-rail, multi-currency payment network that bridges traditional finance and institutional blockchains, while deepening AI data intelligence and RWA payment use cases.
Zack Yang (Co-founder)
LinkedIn: https://www.linkedin.com/in/zackfomo/?originalSubdomain=sg
Education: Bachelor of Engineering (Computer Engineering), Nanyang Technological University; Stanford Executive Program, Stanford University Graduate School of Business; Global Management Program, INSEAD.
Experience: Co-founder & CTO at FOMO Pay (Jan 2015 – Present). Previously: Software Developer at BMW Group (Future Mobility Lab, Jan 2015); Programmer at Apple (Supply Demand Management, Jan 2014). Also serves as Global Innovator at World Economic Forum, Venture Partner at Teja Ventures, and Lecturer at NTU.
Key achievements: Led FOMO Pay to become a Major Payment Institution licensed by MAS; first Visa QR partner in Asia Pacific; awarded Forbes 30 Under 30 Asia.