Singapore Airlines announced today the frequent flyer program of one of its group company’s KrisFlyer will introduce a blockchain based digital wallet for loyalty rewards. The miles-based digital wallet enables members to instantly convert KrisFlyer miles into KrisPay miles for spending at partner merchants island-wide.
KrisPay is available for download now on the Apple and Google Play Store. Once it has been downloaded, members can easily turn their KrisFlyer miles into KrisPay miles using the app’s instant top-up function. Once transferred, KrisPay miles have a validity of six months.
To pay for purchases, members simply need to scan the KrisPay QR code at partner merchants, and key in the amount they wish to pay (in full or partially) with their KrisPay miles.
[perfectpullquote align=”full” bordertop=”false” cite=”Singapore Airlines CEO, Mr. Goh Choon Phong” link=”” color=”” class=”” size=””]“We are excited to be introducing KrisPay, a novel way for our KrisFlyer members to digitally access their miles at their fingertips, at any time. By creating a miles-based digital wallet which integrates the use of miles into their daily lives, KrisFlyer members have yet another way to use miles instantly on everyday transactions.”[/perfectpullquote]
For a start, KrisPay miles will be accepted at 18 merchants spanning different categories of beauty services, food & beverage, petrol, and retail. Selected partners will offer discounts during the launch period. More merchants will be progressively added to the platform, and members can expect frequent in-app promotions and more app features to be delivered in the coming months.