Ifast global bank: iFAST Global Bank (iFAST GB) has launched an enhanced rewards campaign with 1.5 per cent cashback on eligible Worldwide Scan and Pay transactions, giving customers greater value from their everyday and travel spending.

According to BERNAMA News Agency, the campaign provides a convenient way to make seamless cross-border QR payments. It enables the bank's customers to make payments at Alipay+ compatible QR merchants and supported national QR networks. Customers can simply scan the merchant's QR code and confirm the payment in the app without needing a physical debit card or separate payment app.

Moreover, customers can view the applicable exchange rate in real time before confirming their transaction, with no additional transaction fees charged by iFAST Global Bank for using Worldwide Scan and Pay. The service is available exclusively for cross-currency payments.

iFAST Global Bank's General Manager of Digital Personal Banking, Simon Lee, emphasized that the increased cashback offers customers enhanced value while making cross-border payments more convenient. He added that the bank sees significant potential to expand Worldwide Scan and Pay into more markets as it aims to become the preferred banking app for globally mobile customers.

From August 17 to November 30, customers can earn 1.5 per cent cashback on eligible QR payments via Worldwide Scan and Pay, based on qualifying spending of up to GBP2,000 each month during the promotion period. However, cashback is capped at GBP30 per customer per month. (GBP1 = RM5.47)

There is no requirement to claim the reward separately, as cashback is automatically credited to eligible customers' accounts. The promotion is open to all iFAST Global Bank Digital Personal Banking customers with an active account and access to Worldwide Scan and Pay.