FOMO Pay, a prominent Singapore-based payment institution, is set to launch DuitNow QR acceptance in Singapore, allowing Malaysian travellers to make payments using their familiar banking apps. This initiative comes ahead of the Johor Bahru-Singapore Rapid Transit System (RTS) Link, which is expected to commence operations in January 2027, transporting up to 40,000 passengers daily.
The introduction of DuitNow QR aims to support Singapore merchants by catering to the increasing number of Malaysian visitors. By enabling payments in Malaysian Ringgit (MYR) whilst settling in Singapore Dollars (SGD), FOMO Pay simplifies the payment process for merchants, eliminating the need for separate setups or manual currency handling.
Rose Wang, Head of Digital Payments at FOMO Pay, highlighted the significance of this development, stating, “As travel and consumer movement across Southeast Asia becomes increasingly fluid, real-time payment rails like DuitNow are fast becoming part of the infrastructure powering everyday regional commerce.”
This rollout is part of FOMO Pay’s broader strategy to enhance cross-border payment experiences, supporting merchants in connecting with Malaysian consumers naturally. The initiative reflects the growing importance of seamless payment experiences in shaping consumer confidence and behaviour, particularly in retail, dining, and lifestyle sectors.
Founded in 2015, FOMO Pay is a licensed payment institution in Singapore, Hong Kong, and the Middle East, offering digital payment, banking, and asset solutions. The firm continues to expand its reach across Asia, facilitating cross-border consumer spending through a unified platform.
