iFast Global Bank Launches Scan to Pay with Cashback
iFast Global Bank has launched a new Scan to Pay service in London, offering customers up to 5% cashback on transactions at selected merchants. The initiative aims to encourage the adoption of digital payments and reward users for using the bank's mobile app.
How the Service Works
The Scan to Pay feature allows customers to make payments by scanning a QR code at participating retailers. According to iFast Global Bank, the cashback is credited instantly to the customer's account. The bank has partnered with over 500 merchants across London, including cafes, restaurants, and retail stores.
Impact on Digital Payments
The launch is part of a broader trend towards contactless and mobile payments in the UK. iFast Global Bank's CEO stated, 'We believe this service will revolutionize the way Londoners pay, offering both convenience and savings.' The bank expects to expand the service to other UK cities later this year.
