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Fave introduces its mobile payments platform, FavePay

By Peter Chu - on 6 Sep 2017, 1:48pm

Fave introduces its mobile payments platform, FavePay

The one thing that most Malaysians have with them is, arguably, a smartphone – and Fave wants to help merchants leverage on that fact with the introduction of its new mobile payment platform, FavePay. Earlier today, we were given a walkthrough of the new mobile payment platform by none other than the founder of Fave himself, Joel Neoh.

Joel Neoh, Founder of Fave, walking us through the concept of FavePay earlier today.

Neoh was quick to stress that FavePay isn’t meant to compete with the other mobile wallets that are currently available, such as Samsung Pay. On the contrary, FavePay was designed to serve as a mobile payment aggregator of sorts, giving consumers the freedom to decide how they would like to make their payments – be it via credit card, debit card, or their existing mobile wallet. Neoh mentioned that FavePay will be accepting Alipay by the end of the year.

So, why should you use FavePay? The reason is simple enough: you will be rewarded for it in the form of cashback discounts. For example, you will be entitled to a 20 percent cashback when you use FavePay at Llaollao, or a RM5 discount when you use it at NinjaJoe or JuiceWorks. Neoh says that within three months of its launch, FavePay has been adopted by more than 500 merchants in Kuala Lumpur.

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