Shopback offers new cashless payment feature in Singapore

Shopback Pay was soft-launched in January.

Shopping and rewards platform, ShopBack, now entered the payments industry with the  of its latest cashless feature ShopBack Pay in Singapore.

In a statement, ShopBack said all two million users will have access to ShopBack Pay which has on-boarded more than 3,000 merchants since its pilot launch on 17 January.

ShopBack said the new feature, which aims “to bring convenient and rewarding payments to shoppers,” allows consumers to link their preferred payment methods available on the ShopBack app such as Mastercard, Visa, and GrabPay, and their in-store payments will be debited directly real-time.

Users may also avail rewards from their preferred payment methods such as credit card benefits and GrabRewards points.

The new feature will also allow users to avail cashback offline at brick-and-mortar stores who do not have their own apps to engage with customers virtually through the QR scan and pay feature on the app.

The redeemed cashback can be used at any ShopBack Pay merchants and can be used to directly purchase vouchers through the ShopBack app.

It added that users can avail 12% to 20% cashback at popular merchants and on average 5% from  the rest of ShopBack Pay merchants.

“ShopBack Pay is also launching the “Highest Cashback Guaranteed'' campaign, where users will be refunded the difference from ShopBack if they are able to identify higher Cashback elsewhere,” it said.

With its partnership with GrabPay to maximise cashback benefits and rewards from both platforms by their consumers, ShopBack Pay users will also receive $2 bonus cashback on their first transaction in the new feature that is linked to GrabPay from 8 March to 31 May 2022.

First time users of ShopBack Pay will also receive 100% cashback on their first transaction with a minimum spending of $5, with the cashback capped at $5. This will also be available to existing ShopBack users.