FOMO Pay launches AI soundbox and targets AI-powered merchant portal

FOMO Pay is developing an AI layer that will give actionable insights on transaction patterns.

FOMO Pay, a Singapore-headquartered payment institution, has launched the FOMO AI Soundbox and announced its plans to roll-out a comprehensive payment suite empowered by artificial intelligence (AI).

FOMO AI Soundbox, described as a “compact payments acceptance device”, supports cards, QR payments, e-wallets, and stablecoins through a single terminal. It also establishes the groundwork for the AI-powered merchant intelligence capabilities FOMO Pay is developing.

It offers merchants a unified point of acceptance without the need to manage multiple devices or fragmented integrations, FOMO Pay said.

FOMO Pay is also exploring AI-driven capabilities that would enable merchants to query their transaction data in real time, turning a payment device into a business intelligence terminal.

The merchant portal notably captures the patterns, behaviours, and operational rhythms of every transaction processed across the platform. FOMO Pay said that it is developing an AI layer on top of this foundation that will surface actionable insights for merchants.