Fave launches BNPL service in Singapore, Malaysia

FavePay Later offers interest-free flexible payments on the Fave app.

Fintech firm Fave is launching its buy now, pay later (BNPL) service in Singapore and Malaysia, an announcement read.

FavePay Later offers interest-free flexible payments on the Fave app. Eligible users will be able to split purchases over three equal, interest-free installments. Repayments will be automatically drawn every month, with no fees charged for on-time payments.

Customers can also earn up to 10% cashback with every purchase.

FavePay Later is available to pay at over 40,000 stores across Singapore and Malaysia, including Pandora, Marks & Spencer, Best Denki, Puma and GNC.

Fave will extend its BNPL service to some of the largest online commerce companies in Southeast Asia within the latter half of 2021, it said.

Follow the link s for more news on

Join Asian Banking & Finance 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!

Exclusives

Private fund tokens may be the future of investing
Kinexys seeks to keep a token’s sensitive financial information from prying eyes.
More tax perks could drive Philippine SMEs to go ‘green’
The Southeast Asian nation’s 1.1 million small businesses can be a target for green loans. 
Asia struggles with G20 payment targets
The ultimate goal is for cross-border payments to achieve “the speed of the internet.”