AirAsia e-wallet capable of 4% savings, says Fernandes


AirAsia's mobile wallet app, BigPay.

KUALA LUMPUR: AirAsia Bhd's Group Chief Executive Officer, Tan Sri Tony Fernandes today said the airline's BigPay e-wallet is capable of giving at least 4.0 per cent savings on travel cost and exchange rate.

The BigPay application was ready for download from the Google Play store and Apple App store, he said on his Twitter account.

Fernandes had on Monday unveiled the BigPay e-wallet service as part of AirAsia's digital strategy to tap into the low-cost airline's database of 63 million passengers.

He said the BigPay electronic wallet would in due course offer foreign exchange remittances and possibly even money lending service to AirAsia's customers.

Information about BigPay on Google Play store stated the service aims at creating the future of payments in Southeast Asia by giving a secure and convenient access to the user's money, anytime and anywhere.

It combines the mobile app with the flexibility of a prepaid Mastercard which is accepted at over 30 million merchants globally, allowing users to digitise their finances. 

Its value can be topped up from their debit or credit cards.  The app's page also assures that BigPay is regulated by Bank Negara Malaysia, and have the latest security protocols, including fingerprint and facial recognition to verify a person's identity. - Bernama

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