Singapore January 12, 2022: Singapore's local service booking platform Service Online recently signed a platform payment gateway cooperation agreement with Singapore based payment service provider FOMO Pay.
ServiceOnline customers can seamlessly connect to the payment interface provided by FOMO Pay to complete online payment through various payment methods including credit card, debit card, PayNow, GrabPay, ShopeePay, Alipay, WeChat Pay, etc., this cooperation will provide ServiceOnline users with a more convenient and secure payment and booking experience.
The multi payment options provided by FOMO Pay
About FOMO Pay:
FOMO Pay is a leading fintech company founded and headquartered in Singapore, the first of its kind, providing a one-stop digital payment solutions for merchants and financial institutions to accept a comprehensive suite of payment methods in emerging markets across Southeast Asia, Africa and the Middle East. FOMO Pay’s partners include NETS, Mastercard, Grab Pay, SingTel Dash, WeChat Pay, Shopee Pay, etc. Since 2015, FOMO Pay has been trusted by over 10,000 clients.
FOMO Pay is licensed as one of the first batch of Major Payment Institutions (License No. PS20200145) by the Monetary Authority of Singapore to conduct Cross-border Money Transfer Service, Domestic Money Transfer Service, Digital Payment Token Service, and Merchant Acquisition Service. FOMO Pay was also one of the founding members of the Singapore Quick Response Code (SGQR) taskforce, and contributed to the introduction of the SGQR — a national standard to unify all e-wallets and move towards promoting a cashless society in Singapore.
Deputy Prime Minister and Chairman, MAS, Mr Tharman Shanmugaratnam,
presented the MAS FinTech Awards to Mr. Louis Liu, CEO of FOMO Pay
About ServiceOnline:
Service Online is one of the first Singapore based online service booking platforms. Different from the current online shopping platforms in Singapore like Shopee or Lazada, Service Online is focus on service bookings instead of physical products. The service category covers almost all the local life needs, from home cleaning and repairing, courses, fitness, to leisure activities, medical and health care, dining, business services, etc., Service Online is committed to making service booking as simple as online shopping.
"Booking Online, Consuming Offline" is the basic service model on Service Online platform, that is, consumers book the service in advance on the platform according to the service content and fixed price published by the merchant and then complete the online payment. On the day of the appointment, the merchant will fulfill the order and the consumer will evaluate the service quality. If all satisfied, the consumer will confirm the service delivery and instruct the platform to release the payment to the merchant.
To consumers, they are able to search service providers, compare prices, place orders, make payment and appointment on one single platform, instead of screening services on search engines and making phone calls with sellers for comparison. They are empowered to select service providers based on the track records and historical ratings to ensure the service quality, they will also have the power to freeze the money until the service is satisfied.
To merchants, Service Online provides a direct platform to setup online shop and collect orders 24/7. Sellers will also benefit from the online transaction records and ratings which will greatly help to enhance the brand awareness, reputation and loyalty. They don't need to pay any upfront fee except a minor commission until they get real orders, which is definitely more friendly to merchants compare with the traditional ad model.
