Fave is the fastest growing loyalty and rewards company in Southeast Asia, with over 6 million users and 4 million annual transactions across Malaysia, Singapore, and Indonesia.
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Tune Hotels group chief executive officer Mark Lankester added that the upcoming election is set to see millions of Malaysians return from overseas and travel across the country to exercise their right to vote. “We are pleased to partner with Fave in helping to get the word out on this and reaching as many Malaysians as possible about this offer,” said Lankester.
Malay Mail May 2, 2018
Fave has seen fast growth among merchants such as Juice Works, llaollao, Unique Seafood Group of Restaurants, MBG Fruits, Serai Group, La Juiceria and Teppanyaki since launching the platform. The company believes the continued rapid adoption of mobile payment in Malaysia will fuel Fave's target of reaching RM1 billion in transactions and a merchant base of more than 100,000 in Southeast Asia.
The Edge Markets January 17, 2018
Malaysia is on track to become a cashless society by 2050 as more citizens are embracing making payments on their mobile phones, according to online deals and promotions service provider Fave. Its founder Joel Neoh noted 14.7 per cent of Malaysians are already using payment gateway services to buy things online and predicts the momentum will continue this year. Neoh said Fave alone accounted for two million app downloads with eight million monthly mobile session on its service, or a 100 per cent monthly increase in the adoption of its mobile payment service, FavePay.
Malay Mail January 17, 2018
All merchants have their own needs. Some might want higher brand exposure while others might prefer to know their footfall. Fave recognises this, so they offer 2 different propositions for their merchants—FaveDeals and FavePay. “With Deals, it is a great way to acquire new customers, drive off-peak timing and even introduce new items among other things. Whereas with FavePay, it’s all about driving customer loyalty through cashback and convenience,” said Chee Mun. It seems to be working as FavePay already has 600 outlets using their service. Their first month itself saw an increase of 577% of cashless transactions among their merchants and an increase of 421% in sales.
Vulcan Post Malaysia December 12, 2017
Many Singaporean retailers have also discovered that e-wallets are a useful tool in generating business from not only local consumers, but foreign visitors as well. Fave, an online-to-offline mobile platform in Singapore, is now collaborating with Alibaba in China to help visitors from the Mainland use the Alipay e-wallet app to pay at Singaporean retailers and restaurants that are part of the Fave ecosystem.
Singapore Business Review August 21, 2017