Latest news with #cryptopayments
Yahoo
6 days ago
- Automotive
- Yahoo
VW Group Singapore and FOMO Pay add customer digital currency capabilities
Volkswagen Group Singapore (VGS) has announced a partnership with a leading Singapore-headquartered major payment institution, FOMO Pay, to enable digital currency payments for its vehicles and services. VW customers in Singapore can now pay using digital assets such as Bitcoin (BTC), Ethereum (ETH), and stablecoins including USDT, USDC, and more. The move by VGS is in response to the growing adoption of digital currencies among consumers in Singapore, with recent data showing that 26% of residents now own digital assets. As consumers increasingly seek faster and more cost-effective payment methods, digital currencies are gaining traction not only for their speed and enhanced security, but also global interoperability and lower transaction costs. DPT transactions per customer are subject to a daily cap of SGD 4,500, with a maximum of SGD 13,500 based on smurfing limits. "An increasing number of consumers today are digital natives. They expect speed and convenience across all touchpoints, including how they pay," said Dr. Kurt Leitner, Managing Director of Volkswagen Group Singapore. "Our partnership with FOMO Pay aligns with our broader vision of delivering premium experiences powered by technology and innovation." FOMO Pay fuels digital currency payment acceptance With FOMO Pay's digital asset payment infrastructure, VGS now supports digital currency payments for partial payments on new vehicle purchases, as well as aftersales services. All transactions are processed securely through FOMO Pay's enterprise-grade gateway, ensuring compliance, transparency, and real-time exchange rates at the point of payment. "FOMO Pay is excited to partner Volkswagen Group Singapore in elevating their consumer payment experience," said Rose Wang, Head of Digital Payments at FOMO Pay. "As Singapore advances toward becoming a smart financial center, we believe digital assets will continue to play an important role in improving customer experience. At FOMO Pay, we remain committed to delivering a full suite of payment solutions, from digital currencies to fiat, and from online channels to offline channels. These payment solutions aim to empower businesses and enhance customer experiences." Volkswagen Group Singapore is a subsidiary of Porsche Holding Salzburg, which is fully owned by the Volkswagen Group. The company's portfolio includes Volkswagen Passenger Cars, Volkswagen Commercial Vehicles, ŠKODA, CUPRA and Das WeltAuto — Volkswagen Group Singapore' certified pre-owned car programme. Volkswagen Group Singapore imports and retails Volkswagen, Volkswagen Commercial Vehicles, Škoda and CUPRA vehicles directly. "VW Group Singapore and FOMO Pay add customer digital currency capabilities" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNN
11-07-2025
- Business
- CNN
Middle East business recap: Esports, property and crypto
In this week's business headlines, Saudi Arabia hosts the Esports World Cup with a $70M prize pool, the Kingdom opens property ownership to foreigners in 2026, and airline Emirates is bringing crypto payments to flights.
CNN
11-07-2025
- Business
- CNN
Middle East business recap: Esports, property and crypto
In this week's business headlines, Saudi Arabia hosts the Esports World Cup with a $70M prize pool, the Kingdom opens property ownership to foreigners in 2026, and airline Emirates is bringing crypto payments to flights.
Travel Daily News
08-05-2025
- Business
- Travel Daily News
Bitlux appoints Dennis Ju as VP of Growth to fuel jet card sales
Bitlux appoints Dennis Ju as VP of Growth to lead jet card expansion, focusing on crypto payments, flexibility, and global scalability. BOCA RATON, FL – Bitlux, a leading private jet charter company, announced the hiring of Dennis Ju as Vice President of Growth. This strategic addition is set to drive the company's growing jet card program and membership offerings. A seasoned executive with over 15 years of experience leading revenue growth and building high-performing teams in SaaS, franchising, and real estate services, Ju will lead customer acquisition, build partnerships, and set Bitlux up for long-term global growth. Ju's hiring aligns with Bitlux launching its inaugural jet card program, which offers guaranteed availability, fixed hourly rates, and the option to pay directly in cryptocurrency. The program is indicative of Bitlux's steadfast dedication to addressing the demands of a contemporary client base that seeks transparency, flexibility, and innovation in private air travel. 'Dennis possesses a unique blend of strategic insight, operational discipline, and an intuitive grasp of what it takes to build sustainable, scalable products and services,' Bitlux CEO Kyle Patel said. 'His expertise will be invaluable to helping Bitlux grow our jet card program when customers call for greater flexibility, greater control, and the freedom to pay on their terms, including with cryptocurrency.' Targeted leadership to bolster jet card sales and member acquisition As Ju assumes this new position, he will lead customer acquisition efforts, drive membership growth, and further establish Bitlux as a leader in private aviation. Furthermore, he will collaborate with cross-functional teams to enrich the customer's experience and deliver an unmatched client experience. 'I'm excited to be joining Bitlux at this turning point,' stated Dennis Ju. 'Bitlux's innovation and customer-centric orientation offer a strong platform for expansion. I'm eager to work toward the adoption of the new jet card program and to build long-term relationships with our members.' Ju has a track record of building and growing revenue for organizations in dynamic industries. He headed U.S. and global sales teams at several high-growth businesses, introducing AI-powered prospecting software to reinvent lead generation and creating franchise networks through strategic partnerships. His successes also include securing crucial seed funding for startups and deploying pre-sale methods that accelerate product-market fit and revenue realization. Ju's capacity to unite business development, technology adoption, and operational scaling puts him in a position to make an immediate contribution at Bitlux. In addition to his professional success, Ju remains committed to social activism. He serves on the board of Sheltered Alliance, a nonprofit that fights human trafficking. He has helped advance housing rights and census representation for underrepresented communities through his work with the Asian Real Estate Association of America (AREAA). Crypto-fueled jet card program Bitlux's new jet card program, set to launch at Bitcoin 2025 in Las Vegas on May 27-29, includes three membership levels – Ascent, Cardinal, and Sovereignty – that provide coverage from midsize to ultra-long-haul jets. There's an additional level called Nomad, which acts specifically as a complement to Sovereignty for international travel to destinations in Europe, Canada, Mexico, Bermuda, and the Caribbean. Unlike other programs, Bitlux's jet card provides a peer-to-peer crypto payment model. Clients pay directly from their crypto wallets without any intermediaries, ensuring greater privacy and speed. While the entry level is 25 hours, Bitlux will run a promotion starting at 10 hours during Bitcoin 2025. 'As private aviation evolves, we believe customers should have not only guaranteed access and transparent pricing but also the ability to do business the way they want,' added Kyle Patel. 'Our new jet card program meets all three criteria: flexibility and customer-focused service, and we're excited to have Dennis lead the way.'
