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Ripple partner FOMO Pay secures Hong Kong MSO License

EditorVenkatesh Jartarkar
Published 11/26/2023, 07:42 AM

SINGAPORE - FOMO Pay, a payment solutions provider that has partnered with blockchain firm Ripple, has obtained a Money Service Operator (MSO) License in Hong Kong. The license will enable FOMO Pay to offer payment and remittance services within the region.

The company, which is already licensed by the Monetary Authority of Singapore (MAS) for transfer services, is forging ahead in its mission to establish a comprehensive financial network. This network aims to deliver high-quality solutions that support business expansion and financial innovation.

Allen Vincent, a senior manager at FOMO Pay, emphasized the company's dedication to enhancing financial innovation. "We are set on cultivating a comprehensive financial network that provides top-notch solutions facilitating business growth," said Vincent. With the new MSO License, FOMO Pay is poised to extend its reach and influence in the Asian financial market, leveraging its partnership with Ripple to enhance its service offerings.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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