FOMO Pay, a prominent digital payment and digital banking solutions provider in Asia, has announced an exciting strategic partnership with Klasha, a leading global cross-border payment company, aimed at enhancing cross-border payment capabilities for merchants and businesses across Africa and Asia.

In the past two decades, there has been a significant transformation in Africa’s trade relationships, with Asia emerging as a key trading ally. Recent studies reveal that Asia accounts for over 40% of Africa’s exports and imports, underscoring the importance of facilitating cross-border transactions between the two regions. Recognizing this need, the partnership between Klasha and FOMO Pay seeks to provide a platform that streamlines cross-border payments for merchants and businesses across Africa and Asia.

The partnership between Klasha and FOMO Pay promises several key benefits:

1. Easy Online Collections and Payments: Through this collaboration, FOMO Pay will enhance collections for its corporate clients by leveraging Klasha’s platform. This empowers businesses to receive payments in local African currencies and money methods while enjoying payouts in their preferred currencies.
2. Market Expansion: Asian businesses can tap into new market opportunities in Africa and expand their customer base with the joint efforts of Klasha and FOMO Pay in facilitating cross-border payments.

Expressing their enthusiasm about the collaboration, the management teams of Klasha and FOMO Pay issued a joint statement.

Jess Anuna, CEO of Klasha, stated, “We are excited about our new partnership with FOMO Pay and what this unlocks for merchants in Africa and Asia. With combined efforts, we will continue to enable merchants in Asia to collect payments from the continent more seamlessly through our payment rails and our unique ability to terminate payments in greater Asia. We look forward to widening our services to more merchants with this partnership.”

Zack Yang, co-founder of FOMO Pay, commented, “In this era of globalization, the synergy between FOMO Pay and Klasha marks a significant milestone in increasing financial connectivity between Africa and Asia. Our partnership is more than just a business collaboration; it’s a commitment to fostering seamless payments and economic growth across continents. By partnering with Klasha, we enhance our service offerings, expand payment corridors, and empower our institutional clients to grow in the global market.”

This collaboration opens up new opportunities for African and Asian merchants and businesses, facilitating market expansion and easing entry into new territories. The partnership between FOMO Pay and Klasha is poised to empower businesses on both continents to thrive in an increasingly interconnected global economy by providing essential cross-border payment solutions.