Volkswagen Group Singapore partners with FOMO Pay to introduce digital currency payment services

ChainCatcher news, Volkswagen Group Singapore (VGS) announced a partnership with payment institution FOMO Pay to accept digital currency payments for vehicles and related services. According to the agreement, customers can use Bitcoin, Ethereum, as well as stablecoins like USDT and USDC for payments.

This payment service will be applied to partial payments for new cars and after-sales services, with a daily transaction limit of 4,500 SGD and a maximum limit of 13,500 SGD. FOMO Pay will provide the payment infrastructure to ensure transaction compliance and offer real-time exchange rate services.