FOMO Pay Utilizes Merkle Science's Blockchain Surveillance System

In a significant move to bolster its compliance solution for digital asset payments, Singapore-based major payment institution FOMO Pay has partnered with Merkle Science.

Founded in 2015, FOMO Pay serves over 10,000 merchants across various industries and holds multiple licenses from the Monetary Authority of Singapore (MAS), including the Merchant Acquisition Service, Domestic Money Transfer Service, and Cross-border Money Transfer Service licenses. In September 2021, FOMO Pay was granted the Digital Payment Token (DPT) Service license by the MAS, making it the first DPT licensee in Singapore.

Merkle Science, a global company with a vision to bring crypto to the mainstream in a safe and compliant manner, was co-founded by Mriganka Pattnaik and Nirmal AK. The partnership aims to enhance FOMO Pay's compliance, risk management, and threat detection measures.

Merkle Science's goal is to enable users of FOMO Pay, including merchants and financial institutions, to transact with crypto safely. The company's vision resonates deeply with FOMO Pay, and it is proud to be working with Merkle Science.

Mr. Pattnaik, CEO & Co-founder at Merkle Science, recognizes the importance of compliance in advancing digital transactions. He believes in the key role that digital assets will play in the near future. Merkle Science aims to empower innovators like FOMO Pay to expand into the digital currency market.

Merkle Science's partnership with FOMO Pay is part of its global aspirations to make digital transactions safe and compliant for everyone. The company believes that by working together, they can create a more secure and inclusive digital economy.

As the digital asset market continues to grow, the need for robust compliance solutions becomes increasingly important. FOMO Pay and Merkle Science's partnership is a step towards ensuring that digital asset payments are secure, compliant, and accessible to everyone.