FOMO Pay obtains Hong Kong money service operator MSO license

FOMO Pay, a Singapore-based digital payment solutions provider, has announced that it has successfully obtained a Money Service Operator (MSO) license issued by the Hong Kong Customs. The company plans to launch payment and remittance services to meet the global payment and collection needs of corporate customers and has already set up an office in Hong Kong. FOMO Pay raised $13 million in funding last August, led by Jump Crypto. Prior to this, it had already been awarded several financial services licenses by the Monetary Authority of Singapore (MAS), including domestic and cross-border remittances and merchant acquiring licenses. It is also one of the first companies in Singapore to be approved by MAS to provide digital payment token services.