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Splitit and Fave Are Expanding BNPL Solutions Overseas

Splitit and Fave Are Expanding BNPL Solutions Overseas
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Fave Pilots BNPL Services for Over 6 Million Users in Singapore and Malaysia

  Payments platform Fave has launched its Buy Now, Pay Later (BNPL) service in Singapore and Malaysia to provide over 6 million users with instant access to interest-free credit to be used at over 40,000 stores as a pilot. The service is now available on the Fave app for iOS users, followed by an Android release in July 2021. With the launch of FavePay Later, offering interest-free flexible payments on its app, eligible Fave users will be able to split purchases over three equal, interest-free instalments. Fave said that repayments will be automatically drawn every month, with no fees charged for on-time payments. In addition, customers will earn up to 10% cashback with every purchase.

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