The airasia Super App announced Friday a brand new feature, the airasia pocket which is a closed-loop electronic wallet (e-wallet) within the super app that enables users to reload and make payments for all the products and services on the app while being rewarded at the same time.

Airasia Super App said in a statement that airasia pocket users will be able to earn airasia points upon activation. Airasia pocket is currently available to all airasia Super App users in Malaysia in the Ringgit Malaysia currency.

“As fintech and neobanks continue to reshape the financial landscape in Malaysia and across ASEAN, airasia Super App is continuing to be an industry disruptor and expand its fintech services by launching airasia pocket, which enables our app users to make payment for all products and services faster within the Super App ecosystem,

“This includes payments for flights and hotel bookings, as well as on airasia food, airasia grocer, airasia xpress, or when booking a ride through airasia ride. This aligns with our fintech strategy to drive a seamless user experience and make online payments’ invisible’. By working with our partner Fasspay, users can have peace of mind as this new feature is completely secure, fully compliant, and licensed by Bank Negara Malaysia,” said Mohamad Hafidz Mohd Fadzil, airasia Super App’s Chief Fintech Officer.

According to the statement, two types of airasia pocket accounts are available – the Lite and Pro. The Lite account is recommended for everyday use with a wallet size limit of MYR500 ($113.62), while the Pro account is designed for higher value transactions with a wallet size of up to MYR4,999 ($1135.93).

“This is the final step in closing the loop for the whole airasia ecosystem, which will draw out the true superpower of the airasia Super App. airasia pocket is the more accessible, faster, and more rewarding way to pay for anything within the airasia ecosystem and will facilitate a better user experience. Having airasia pocket also provides more significant insights into customer behaviour which will assist us in giving better value and more quality services to all our app users,” said Amanda Woo, Chief Executive Officer of airasia Super App.

The airasia pocket’s features are developed by Fass Payment Solutions Sdn Bhd (Fasspay), a white-label e-wallet player and an approved e-money provider by Malaysian Central Bank. This platform is designed to allow its partners to build and innovate on Fasspay’s full-stack payments platform and offer various payment and financial services to their customers.

“We are honoured to be a partner in airasia Super App’s fintech journey and will continue to support its aspiration to grow regionally and globally. Fasspay’s mission is to enable our partners, such as airasia Super App, to realise their vision by using this wallet-as-a-service to extend their financial services. This partnership is just the beginning for Fasspay as our ultimate aim is to avail this full-stack payments platform to other customers both small and large globally,” said Chris Leong, Chief Executive Officer of Fasspay.

Currently, top-ups for airasia pocket are available via Online Banking (FPX), with more options to be added in the future.

The airasia Super App is a one-stop travel, e-commerce and fin-tech platform offering consumers over 15 lines of products and services via the super app as well as website.

Powered by data and technology, the airasia super app leverages its digital ecosystem of 51 million users and 40 million downloads to generate personalised and seamless consumer experience in the digital new era. Users can also engage in real-time conversations, join like-minded communities, play games and much more. From travel needs to everyday lifestyle essentials, there is always something for everyone on the airasia Super App.

Established in 2012, Fasspay is a wholly-owned subsidiary company of SoftPOS player Soft Space Sdn Bhd (Soft Space), that acts as a merchant acquiring arm for partner banks. With over 30 financial institutions across 10 countries, Fasspay provides more than just mobile payment solutions.

As a non-bank e-money issuer regulated by Bank Negara Malaysia, and a Visa Ready BIN Sponsor, Fasspay is able to provide merchant partners white label e-wallet services and white label Visa prepaid card that serves as a value-add to their existing business solution.

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