Kuala Lumpur, Malaysia, 28 June 2021 – Fave, Southeast Asia‘s fast-growing fintech company, has launched its ”Buy Now, Pay Later“; (BNPL) service in Singapore and Malaysia, providing over 6 million Fave users with instant access to interest-free credit to be used at over 40,000 stores as a pilot. The service is available on the Fave app for iOS users today, followed by an Android release in July 2021.
With the launch of FavePay Later, offering interest-free flexible payments on the Fave app, Fave is redefining how the new generation of consumers get and use credit. Eligible Fave users will be able to split purchases over three equal, interest-free instalments. Repayments will be automatically drawn every month, with no fees charged for on-time payments. In addition, customers will earn up to 10% cashback with every purchase. FavePay Later is available at all Fave merchants in Singapore and Malaysia today, including marquee brands in popular retail verticals such Pandora, Marks & Spencer, Best Denki, Puma, GNC and more.
Read more : Fave Reveals 2020 Business Trends For Retail Merchants (moneycompass.com.my)
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