Disrupting Payments is just the first step in Louis Liu’s ambitious plan to upend South- East Asia’s Banking sector.
When he was an executive working at Visa China in the early 2010s, Louis Liu started receiving requests from vendors in China and India asking if the global payments company could connect them to the digital wallets that were starting to appear on mobile devices of consumers in the region. It was the first sign to him that such e-wallets – or mobile payment solutions that did away with plastic cards and messy vendor terminals – were about to blow up across the region, and he wanted to be a big part of the action.
In 2015, Liu, who hails from China and studied electronic and electrical engineering at Nanyang Technological University, founded Fomo Pay in Singapore. The firm started by providing technology for Singapore merchants to accept payment via e-wallets that were popular with Chinese tourists.
This story is from the 35 Years Of Luxury edition of The PEAK Singapore.
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This story is from the 35 Years Of Luxury edition of The PEAK Singapore.
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