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.