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!

It got Asian Infrastructure Investment Bank as its investor.
This optimistic performance is expected to continue until March 2022.
The stock saw a contradicting rise of 51%, despite the STI observing a dip of 4.2% during the period. 
Along with this, the group recommends a green financing bank.
The SGX listed SPAC raised $23.4m from the offering.
They believe crypto's value will increase in the next five years.
ThaiBev had the most growth.
VSTPL’s failures placed the trust at a higher risk of being used as a conduit for illegal activities, says MAS.
The growth rate estimate is lower than the 2021 forecast of 6.6%.
The bank assured customers that it employs a multi-layered defence system against fraud.
This after S-REITs delivered a modest 6% in total returns in 2021. 
Banks are asked to remove links in emails and SMS sent to customers.
It will redeploy the proceeds from this divestment into higher-yielding assets.
The US, the UK, and Australia were their top destinations during the year-end.