FOMO Pay and BNY collaborate 06 February 2026Singapore Reporter: Matthew Challis
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FOMO Pay, a digital banking and digital asset solution provider based in Singapore, is collaborating with financial services company BNY.
The partnership aims to enhance the firm’s cross-border payments and collection capabilities and the changing needs of corporate treasury and finance teams, as well as providing clients with a greater level of control.
FOMO Pay intends to expand its banking capabilities and provide clients with corporate treasury solutions in the US market by utilising BNY’s experience in clearing, custody, payments, and cash management.
Due to BNY’s US clearing rails, eligible US dollar payments into the country will possess the potential ability to be settled on the same day.
Additionally, the integration will afford clients the ability to both make and receive payments in their own name through Collections-on-Behalf-Of (COBO) and Payments-on-Behalf-Of (POBO), according to the company.
Commenting on the initiative, Fabian Khoshbakht, head of APAC, global payments and trade, BNY, says: “As global businesses accelerate their shift toward instant payments and digital innovation, robust infrastructure has become essential to maintaining a competitive edge.”
Louis Liu, founder and CEO of FOMO Pay, adds: “This collaboration expands our infrastructure and global reach, allowing us to support clients with increasingly sophisticated payment and collection needs.”
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Image: tang90246/stock.adobe.com 