iFAST Global Bank Boosts Worldwide Scan & Pay Cashback To 1.5 Pct

KUALA LUMPUR, Aug 27 (Bernama) -- iFAST Global Bank (iFAST GB) has launched an enhanced rewards campaign with 1.5 per cent cashback on eligible Worldwide Scan & Pay transactions, giving customers greater value from their everyday and travel spending.

The campaign provides a convenient way to make seamless cross-border QR payments, enabling the bank’s customers to make payments at Alipay+ compatible QR merchants and supported national QR networks.

Customers can scan the merchant’s QR code and confirm the payment in the app without a physical debit card or separate payment app, according to the bank in a statement.

In addition, they can view the applicable exchange rate in real time before confirming their transaction, with no additional transaction fees charged by iFAST Global Bank for using Worldwide Scan & Pay. The service is available for cross-currency payments only.

iFAST Global Bank General Manager of Digital Personal Banking, Simon Lee said the increased cashback gives customers greater value while making cross-border payments more convenient, adding that the bank sees significant potential to expand Worldwide Scan & Pay into more markets as it works towards becoming the go-to banking app for globally mobile customers.

From Aug 17 to Nov 30, customers can earn 1.5 per cent cashback on eligible QR payments via Worldwide Scan & Pay, based on qualifying spending of up to GBP2,000 each month during the promotion period. Cashback is capped at GBP30 per customer per month. (GBP1 = RM5.47)

There is no requirement to claim the reward separately, with cashback automatically credited to eligible customers’ accounts. The promotion is open to all iFAST Global Bank Digital Personal Banking customers with an active account and access to Worldwide Scan & Pay.

-- BERNAMA