Singapore Airlines releases KrisPay digital wallet, offers early merchant discounts | finder.com

Singapore Airlines releases KrisPay digital wallet, offers early merchant discounts

Peter Terlato 25 July 2018 NEWS

Members can quickly convert KrisFlyer miles into KrisPay miles using the app’s instant top-up function.

Singapore Airlines’ KrisFlyer frequent-flyer programme has launched KrisPay, the company’s miles-based digital wallet that allows members to earn miles, easily convert them and spend them with partner merchants.

The digital wallet, created using blockchain technology, was borne from successful proof-of-concept exercises carried out in collaboration with KPMG Digital Village and Microsoft. The wallet stores digital KrisFlyer miles.

KrisFlyer miles, which can be earned when travelling on Singapore Airlines and other participating carriers, are converted instantly into KrisPay miles, redeemable at 18 merchants located throughout the city. These shops offer beauty services, food and beverages, petrol and other retail options. More partners will be added to the KrisPay platform and members can expect in-app promotions and extra features in the coming months.

Merchants include the Shangri-La Hotel, Greenwood Fish Market, PizzaExpress, Esso service stations, certified LEGO stores (Bricks World), Qi Mantra, Spa Esprit, Browhaus, Cedele, TWG Tea, Gong Cha, Workspace Espresso Bar, Toss & Turn, Challenger, M1, Strip, Xiao Ban Beancurd and popular men’s grooming salon We Need A Hero.

Members can quickly convert KrisFlyer miles into KrisPay miles using the app’s instant top-up function. KrisPay miles remain valid for use for up to six months. To pay, simply scan the KrisPay QR code and key in the amount.

The airline claims that KrisPay is the world’s first blockchain-based airline loyalty digital wallet. The KrisPay digital wallet is available for immediate download on both the Apple and Google Play Store.

Singapore Airlines isn’t the only carrier to research and consider the application of blockchain technology. Air France KLM engineering and maintenance has been experimenting with blockchain technology since 2017.

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