Fintech firm Fave unveils QR payments to DBS PayLah, Singtel Dash users

Users buying from Fave’s partner merchants will receive up to 20% instant cashback.

Payments platform Fave has partnered with DBS and Singtel to offering a QR-payments option to DBS PayLah! and Singtel Dash users, according to a press release.

Starting from August and early September, DBS PayLah! and Singtel Dash users can respectively transact digitally via the scanning of SGQR codes at Fave-partnered merchants to enjoy instant merchant cash back of up to 20%.

All existing merchants using FavePay QR payments will also be extending their cashback to DBS PayLah! and Singtel Dash users.

Digital payments and e-wallet adoption are projected to increase rapidly in Singapore over the next two years, and will comprise 22.5% of all sales by 2021, according to a study by JP Morgan.

Since 2019, Fave merchants have issued over $20m in cashback for their customers through the FavePay loyalty programme, the platform said.

Through this new partnership, DBS PayLah! and Singtel Dash users will be able to scan at more than 12,000 F& B and retail outlets across Singapore such as Tim Ho Wan, Food Republic, Essensuals Hairdressing and Ippudo Ramen. 

Photo courtesy of Fave/PRecious Communications.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Thanks to the renewal of interest in the Singapore market.
The electronics cluster showed the most optimism.
The initiative aims to improve the overseas service exports environment.
This is the group’s 2nd sustainability notes issuance in the SGD bond market.
A Jefferies report said Singapore banks have enough buffers.
HongkongLand, CapitaLandInvest, and ComfortDelGro showed the most growth.
Mizuho Securities Asia Limited will be the notes dealer.
The company’s first batch has been fully allocated in the country.
The total consideration of up to $539m over three years will take effect. 
This is to address the increased global demand for healthcare products.
Thanks to the company's improved distribution channels.
Hiring activities online increased by 55.7% in August.
CapitaLandInvest, Capland IntCom T, and Sembcorp Industries showed the most growth.
This low turnout is due to the large quantum of the project, experts say.