IBS Intelligence: FOMO Pay & Klasha to power Africa-Asia cross-border payments

FOMO Pay, a digital payment and digital banking solutions provider in Asia, has announced its strategic partnership with Klasha, a global cross-border payment company.

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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