iFAST Global Bank Launches QR Payment Cashback Promotion

KUALA LUMPUR, June 18 (Bernama) -- iFAST Global Bank is offering a limited-time cashback promotion to encourage the use of its Worldwide Scan & Pay service, rewarding customers with one per cent cashback on eligible QR code payments made locally and overseas.

The promotion runs from June 16 to July 16 and is available to Digital Personal Banking customers with an active account and access to the Worldwide Scan & Pay feature. Cashback is capped at GBP 10 per customer, based on qualifying spending of up to GBP 1,000 during the campaign period. (GBP 1 = RM5.41)

iFAST Global Bank General Manager of Digital Personal Banking, Simon Lee said the launch of Worldwide Scan & Pay represented an important step in expanding the bank’s global payment capabilities.

“Through this cashback campaign, we are encouraging customers to experience the convenience of cross-border QR payments while enjoying added value on their everyday spending,” he said in a statement.

The initiative comes ahead of the summer travel season and follows the launch of Worldwide Scan & Pay in May 2026. Powered by Alipay+, the payment service enables customers to make cross-border QR code payments through the iFAST Global Bank mobile app without the need for a physical payment card.

Transactions are linked directly to the bank’s Multi-Currency Current Account, which allows customers to hold, spend and transfer funds across nine major currencies through a single account.

The bank said the service can be used at Alipay+-compatible merchants and supported national QR payment networks, providing a streamlined payment experience for shopping, dining and travel both domestically and internationally.

The bank said the promotion is intended to drive adoption of digital cross-border payments as consumers increasingly seek seamless payment options while travelling and spending overseas.

-- BERNAMA