The payment company FOMO Pay, which has its headquarters in Singapore, declared that it has earned its Business Identifier Code and joined SWIFT as an official member (BIC), also known as SWIFT Code: FOMPSGSG.

This club marks a tremendous success for FOMO Pay in its pursuit to offer greater efficient, secure, and dependable price services. The business enterprise stated it’ll make use of the SWIFT Code to dispose of guide errors, lessen switch costs and times, and streamline enterprise transaction processes, accordingly improving its clients’ international series and payout experiences.

SWIFT is one of the world’s main economic messaging provider providers, connecting greater than 11,000 banks and economic establishments in over 2 hundred countries. SWIFT Code is used to pick out economic establishments and permit them to speak with each other for seamless fund transfers.

‘Bridging crypto and fiat’

Founded in 2015, FOMO Pay is regulated below the Payment Services Act in Singapore. It is certified through the Monetary Authority of Singapore (MAS) to behavior Cross-border Money Transfer Services, Domestic Money Transfer Services, Digital Payment Token Services, and Merchant Acquisition Services.

The organization claims to be the one-forestall virtual price and banking answer provider, which is likewise constructing Asia’s first certified gateway assisting establishments and agencies to attach among fiat and cryptocurrency.

The organization gives its 3 flagship products:
FOMO Payment, the virtual price answer for merchants, corporates, and economic establishments; FOMO iBank, which helps agencies’ normal necessities for transactional banking needs; and FOMO Crypto, “Asia’s first certified gateway” bridging crypto and fiat.