Fave to offer interest-free credit across 40,000 stores in Singapore & Malaysia

Fave, a Malaysia-based fintech platform providing QR payments and loyalty cashback to restaurants and retailers, has launched the BNPL service to provide over six 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.

Eligible Fave 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.