E-Voucher Platform Fave Introduces E-Wallet Service FavePay

E-Voucher Platform Fave Introduces E-Wallet Service FavePay

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Fave Group's General Manager for Indonesia Yew Wai Kong / DailySocial
Fave Group's General Manager for Indonesia Yew Wai Kong / DailySocial

Fave, e-voucher sales platform, introduces e-wallet service called FavePay to be used for transaction on Fave with QR code scannig technology

The e-wallet is an attempt for Fave to value the loyal customer, as every transaction will gain points and cashback to be used in Fave’s merchant.

FavePay is already existed in Malaysia and Singapore. Indonesia follows as it is launched in Bali on November 15, 2017.

“By using FavePay, customers can enjoy cashback from merchants go use in the same merchant. We will continue to innovate in providing satisfaction by giving best offers,” said Yew Wai Kong, Fave Indonesia’s General Manager on Wednesday (12/13).

Fave performance and business plans

Besides announcing e-wallet service, Fave also announces the achievements they get in a year. In the last four months, monthly active user (MAU) increases 50% with 3 times higher in download rate. Fave also strengthen its position by expanding to other big cities such as Bandung, Surabaya and Bali.

Fave merchants in Bandung and Surabaya shows a rapid growth within 3 times increasing sales. Merchants involve in Bali are claimed to grow rapidly. Currently, there are more than 400 F&B merchants joining Fave.

Fave is already provides more than 5,500 offers from 1,700 merchants throughout Indonesia.

Next year, Kong is committed to strengthen its position as the number one consumer app in F&B category. It is to be partnered with well-known brand and local industry, such as Time Zone, Krispy Kreme, Pizza Marzano and others.

“Lots of great and interesting things we achieved this year. Next year, we aim for better offers, products and services for our customers.”

Original article is in Indonesian, translated by Kristin Siagian

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