Volkswagen Group Singapore (VGS) has launched cryptocurrency payment options for vehicle purchases and aftersales services through a new partnership with payment institution FOMO Pay.
Customers can now pay using Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), with transactions capped at SGD 4,500 daily and SGD 13,500 cumulatively per customer. The authorized distributor for Volkswagen, Škoda, and CUPRA says the move responds to rising digital asset adoption, with 26% of Singapore residents now owning cryptocurrencies.
Volkswagen Group Singapore customers can now pay for vehicles and aftersales services using major digital currencies, including stablecoins such as USDC and USDT, powered by FOMO Pay’s (@FOMOPayOfficial) enterprise-grade infrastructure.
As digital asset adoption grows in… pic.twitter.com/MWJVxODBtw
— FOMO Pay (@FOMOPayOfficial) August 14, 2025
Payments are processed through FOMO Pay’s enterprise-grade gateway, which ensures regulatory compliance, transparency, and real-time exchange rates. The service supports both partial and full payments for new vehicles as well as after-sales transactions.
Dr. Kurt Leitner, Managing Director of VGS, said the initiative meets the expectations of digital-first customers.
“An increasing number of consumers today are digital natives. They expect speed and convenience across all touchpoints, including how they pay,”
he said.
FOMO Pay, which offers integrated fiat and digital currency solutions for both online and offline channels, views the collaboration as a boost to Singapore’s smart financial ecosystem.
“As Singapore advances toward becoming a smart financial center, we believe digital assets will play an important role in improving customer experience,”
said Rose Wang, Head of Digital Payments at FOMO Pay.
The rollout forms part of Singapore’s Smart Nation ambitions, incorporating cutting-edge payment solutions into mainstream commerce. By accepting cryptocurrency, VGS aims to enhance payment flexibility, reduce transaction costs, and position itself for the next generation of mobility and commerce.
This partnership marks one of the first large-scale adoptions of cryptocurrency payments in Singapore’s automotive sector, signalling broader industry readiness for blockchain-based financial integration.
In a related development, FOMO Pay has joined the Global Dollar Network (GDN), an enterprise-led initiative to accelerate the adoption of regulated stablecoins in global trade. As one of GDN’s first partners, the firm will integrate Paxos-issued USDG into its infrastructure, offering merchants and corporate clients faster, transparent, and compliant stablecoin payment options.
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