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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.