Singapore, December 13, 2024 – Fave, a consumer fintech and merchant loyalty platform, announced the integration of PayLater by Grab as a new payment solution for its customers in Singapore. This collaboration offers eligible Fave users greater financial flexibility, enabling them to shop and dine with ease at select network of Fave’s merchants locally.
By introducing PayLater by Grab, eligible Fave users can now split their purchases into four (4) interest-free installments, giving them the freedom to enjoy experiences and products without upfront financial constraints. This additional payment option reflects Fave's commitment to offer users the most rewarding shopping experience while Fave merchants will also benefit from increased transaction volumes and customer engagement, driven by the flexibility of PayLater by Grab.
“As consumers look for more ways to manage their spending better, payment methods like instalments and pay later are getting increasingly popular. We are delighted to partner with Grab, strengthening our existing partnership, and enabling even more choice for our base of merchants and consumers in Singapore.” said Varun Varma, Head of Strategy & Corporate Development, Pine Labs.
“We believe that the integration of PayLater by Grab into Fave is a win-win for both consumers and merchants. It offers eligible Fave users a more convenient and flexible way to manage their spending, while helping the platform’s merchants attract more customers and drive higher transaction volumes.” said Yee Wee Tang, Managing Director for Grab Singapore.
For more information, please visit https://myfave.com/.