Klasha News

    February 1, 2024

    The Malaysian Reserve: FOMO Pay partners with Klasha to power cross-border payment between Africa and Asia

    FOMO Pay, a prominent digital payment and digital banking solutions provider in Asia, is thrilled to announce its strategic partnership with Klasha, a leading global cross-border payment company.

    In the last 20 years, there has been a notable transformation in Africa’s trade relationships, with Asia taking on a central role as the predominant trading ally. Recent studies reveal that Asia accounts for over 40% of Africa’s exports and imports; therefore, facilitating cross-border transactions between the two regions has become increasingly vital. Recognizing this need, the new partnership between Klasha and FOMO Pay aims to provide a platform that enhances cross-border payment capabilities for merchants and businesses across Africa and Asia.

    The key highlights of this partnership include:

    • Easy online collections and payments: With this partnership, FOMO Pay will enhance collections for its corporate clients through Klasha’s platform, empowering businesses to receive payments in local African currencies and money methods while they get payouts in their preferred currencies.

    • Market expansion: Asian businesses can unlock opportunities to expand into new markets in Africa and broaden their customer base with Klasha and FOMO Pay’s joint efforts in facilitating cross-border payments.

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