AirAsia introduces its own mobile wallet, BigPay
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AirAsia has joined the ranks of digital wallet providers with its own app, BigPay
AirAsia Bhd Group chief executive officer Tan Sri Tony Fernandes announced the service on Twitter, saying it was part of AirAsia’s digital strategy.
“One day this product will be worth more than @AirAsia. Many features being rolled out. Soon no more cash on AirAsia,” he said.
He added that the BigPay electronic wallet would eventually offer foreign exchange remittances and possibly even money lending to AirAsia’s database of 63 million names.
According to the BigPay’s Google Play page, the app was linked to Mastercard and could be topped up from their debit or credit cards.
The app is said to be accepted at over 30 million merchants that accept Mastercard globally, plus users would earn AirAsia BIG loyalty points when they spend and get zero processing fees when booking a flight with the airline.
The app’s page also assured that it was regulated by Bank Negara Malaysia and had the latest security protocols including fingerprint and facial recognition to verify the user’s identity.
BigPay is available on Google Play store and the Apple App store.
Questions & Answers
Q.What is BigPay and who introduced it?
What is BigPay and who introduced it?
BigPay is a new mobile wallet app introduced by AirAsia, which is part of the airline's broader digital strategy. AirAsia Bhd Group chief executive officer Tan Sri Tony Fernandes announced the service on Twitter.
Q.What financial services will BigPay offer beyond a digital wallet?
What financial services will BigPay offer beyond a digital wallet?
Beyond its core digital wallet function, BigPay is planned to eventually offer foreign exchange remittances. There is also a possibility that the service will expand to include money lending for AirAsia's customer database.
Q.What are the key benefits for users of the BigPay app?
What are the key benefits for users of the BigPay app?
Users can earn AirAsia BIG loyalty points when they spend and will incur zero processing fees when booking flights with the airline. The app is linked to Mastercard, allowing it to be topped up by debit or credit cards.
Q.How is the BigPay app secured and regulated?
How is the BigPay app secured and regulated?
The app is regulated by Bank Negara Malaysia, ensuring it operates within financial guidelines. It also incorporates the latest security protocols, including fingerprint and facial recognition for user identity verification.
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