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Volkswagen Group Singapore (VGS) has partnered with major payment institution FOMO Pay to introduce digital currency payments for its vehicles and services. Customers can now pay with Bitcoin (BTC), Ethereum (ETH), and stablecoins such as USDT and USDC, marking a significant step toward modernizing the automotive retail experience in Singapore.
The initiative reflects VGS’s commitment to future-ready mobility solutions. As the official distributor of Volkswagen, Škoda, and CUPRA, the company aims to provide flexibility, speed, and convenience across all touchpoints. With 26% of Singapore residents now owning digital assets, this move aligns with growing consumer demand for secure, cost-effective, and globally interoperable payment options. Daily crypto transaction limits are set at SGD 4,500, capped at SGD 13,500 under regulatory guidelines.
FOMO Pay’s enterprise-grade infrastructure ensures secure and compliant processing with real-time exchange rates. Payments can be made for partial vehicle purchases and aftersales services. Both companies highlight this partnership as a milestone in enhancing customer experiences while driving Singapore’s digital finance ecosystem forward.
