SINGAPORE -
Media OutReach Newswire
- 3 June 2026 - FOMO Pay, a leading Singapore-headquartered payment
institution, will launch DuitNow QR acceptance in Singapore, enabling
Malaysian travellers and visitors to make payments using familiar
banking and payment applications while merchants receive settlement in
Singapore Dollars (SGD).
The rollout comes ahead of the opening of the Johor Bahru–Singapore
Rapid Transit System (RTS) Link in January 2027, a landmark
infrastructure project expected to carry up to 40,000 passengers daily.
The rail link is expected to further strengthen travel and consumer
activity between Singapore and Malaysia.
Supporting Singapore Merchants with Growing Malaysian Visitor Traffic
As travel between Singapore and Malaysia continues to increase,
merchants are seeing a growing demand for payment experiences that are
frictionless to regional consumers.
By enabling DuitNow QR acceptance in Singapore, FOMO Pay allows
Malaysian visitors to pay using their local banking and payment apps in
Malaysian Ringgit (MYR), while Singapore merchants receive full
settlement in SGD. The rollout will simplify payment acceptance for
merchants, removing the need for separate payment setups or manual
foreign currency handling.
As cross-border consumer traffic continues to grow, seamless payment
experiences are expected to play an increasingly important role in
shaping consumer confidence and purchase behaviour, particularly in
retail, dining, and lifestyle environments.
Enhancing Cross-Border Payment Experiences
"Cross-border commerce is no longer limited to large enterprises or
international brands. Increasingly, everyday businesses are serving
consumers who move frequently across markets," said Rose Wang, Head of
Digital Payments at FOMO Pay. "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. Enabling DuitNow QR acceptance in Singapore helps
merchants better connect with Malaysian consumers in ways that feel
natural to how they already transact in their daily lives."
The rollout marks another step in FOMO Pay's broader efforts to help
merchants access Asia's growing network of national instant payment
systems through a unified multi-rail, multi-currency platform, better
supporting increasingly cross-border consumer spending across the
region.
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