iFAST Global Bank Adds China QR Payment Support

KUALA LUMPUR, July 17 (Bernama) -- iFAST Global Bank has expanded its Worldwide Scan & Pay service to support QR code payments in China, allowing customers to make cross-border transactions through Alipay+, the unified wallet gateway of Ant International.

In a statement, the bank said customers can make payments at Alipay+ compatible merchants and supported national QR payment networks in China by scanning QR codes using the iFAST Global Bank mobile application, eliminating the need for a physical payment card.

iFAST Global Bank General Manager of Digital Personal Banking, Simon Lee said China is one of the world's largest QR payment markets, with QR code payments deeply integrated into everyday life, and the expansion enables customers to enjoy the same convenience while travelling or managing an internationally connected lifestyle.

The bank said the move comes as international travel to China for business, education and tourism continues to increase, driving demand for familiar and convenient cross-border payment solutions through a single global banking account.

To mark the launch, iFAST Global Bank is offering one per cent cashback on eligible QR code payments made via Worldwide Scan & Pay from June 16 to Aug 16.

The cashback is capped at GBP10 per customer, based on qualifying spending of up to GBP1,000 during the promotional period, and will be credited automatically to eligible customers' accounts. (GBP1 = RM5.48)

The promotion is available to Digital Personal Banking customers with an active iFAST Global Bank account and access to the Worldwide Scan & Pay service, subject to the programme's terms and conditions.

-- BERNAMA