FOMO Pay, an Asian digital payment and digital banking solutions provider, has formed a strategic alliance with Klasha, a global cross-border payment company. The partnership is designed to streamline payment collections and payouts for FOMO Pay's corporate clients. It enables businesses to transact in local African currencies while receiving funds in their preferred currencies. This collaboration not only aims to enhance payment efficiency but also to create opportunities for Asian businesses to expand their customer base in Africa. Given Asia's significant role as a trade partner, representing over 40% of Africa's trade, the partnership aims to simplify payment processes for businesses operating across these regions.
Jess Anuna, CEO of Klasha, expressed enthusiasm about the new collaboration with FOMO Pay and the opportunities it presents for merchants in Africa and Asia. Through collaborative efforts, they aim to facilitate smoother payment collections for Asian merchants across the continent using Klasha's payment infrastructure, including the unique capability to conclude payments across a broader Asian spectrum. Anuna looks forward to extending their services to a broader range of merchants through this partnership.
Zack Yang, Co-Founder of FOMO Pay, highlighted the significance of their partnership with Klasha in today's globalized era. He emphasized that beyond being a business collaboration, it signifies a commitment to enhancing financial connectivity between Africa and Asia. The collaboration aims to foster seamless payments, drive economic growth across continents, and empower institutional clients to thrive in the global market. Through partnering with Klasha, FOMO Pay aims to enrich its service offerings, expand payment channels, and support the global growth of its institutional clients.