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ShopBack launches ShopBack Pay to bring convenient and rewarding payments to shoppers

Singapore, 17 January, 2022 -- ShopBack, Asia-Pacific’s leading shopping and rewards platform, announces the soft launch of ShopBack Pay: a new payment product centred around the convenience of allowing shoppers to pay in-store using their preferred method of payment (GrabPay, credit / debit cards), while stacking rewards as they pay.

Alongside discovering brands and having access to the best deals and vouchers via ShopBack, the launch of ShopBack Pay now guarantees shoppers a rewarding shopping experience from start to end - all within one ShopBack app.

Over 2,000 outlets in Singapore will accept ShopBack Pay, enabling digital payments acceptance and giving brick-and-mortar merchants touchpoints to engage with their customers on a mobile platform, without the need to build their own apps.

“COVID has rapidly accelerated the digitization of businesses. ShopBack is proud to be able to provide our merchants with a digital rewards solution that consolidates multiple payment methods with the ease of reconciliation, while also driving customer retention,” said Julian Foo, Head of Payments & In-store.

With ShopBack Pay, shoppers can look forward to:

  • Ease of Use - ShopBack Pay offers the convenience of choosing your preferred payment method without topping up an additional wallet - all in one app.
  • Stacked Rewards - Shoppers can increase their savings by earning cashback on top of the rewards associated with their preferred payment method, i.e. GrabPay points or credit card rewards alongside ShopBack’s cashback.
  • Using Cashback Anywhere - Aside from being able to withdraw the cashback into one's bank account, shoppers can also use the cashback earned from online or in-store partners to pay at participating in-store partners or buy vouchers.
  • Highest Cashback Guaranteed - ShopBack Pay promises the Highest Cashback Guaranteed by offering the maximum cashback for every ShopBack Pay eligible outlet. ShopBack will refund the difference in cashback to shoppers who manage to find a higher cashback rate elsewhere.

“At ShopBack, we aim to continuously add value to both our merchants and shoppers through our suite of shopping tools and features. We envision ShopBack Pay to be one of the many keystone products that we have in the pipeline that will help us accomplish this," said Joey Yang, Lead Product Manager.

ShopBack : Better shopping, every day.

The ShopBack Group is Asia-Pacific’s leading shopping and rewards platform, serving over 30 million shoppers across ten markets. Growing from a team of six back in 2014 to over seven hundred today, ShopBackers across the region come together with a singular mission: to make shopping rewarding, delightful, and accessible for all.

More than half a billion shopping trips start with ShopBack each year. The Group powers over US$3.5 billion in annual sales for over 10,000 online and in-store merchant partners, across categories ranging from fashion, beauty, F&B, electronics, travel and more. ShopBack is continuously enhancing our suite of shopping services and solutions, to bring more value to our shoppers and merchant partners.

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