Singapore Airlines launches loyalty digital wallet
Singapore Airlines announced on Tuesday it has launched a blockchain-based airline loyalty digital wallet co-developed by Microsoft and KPMG Digital Village.
The airline said in a press release that the new wallet, called KrisPay – named after its KrisFlyer loyalty programme – transfers frequent flyer airmiles into digital “KrisPay miles” which can then be used for retail purchases on a mobile application.
Alternatively, wallet users can spend a minimum of 15 KrisPay miles (S$0.10, US$0.73) to pay for goods at partner merchants island-wide.
Once transferred, KrisPay miles have a validity of six months, the airline said. To pay for purchases, members simply need to scan the KrisPay QR code at the merchant, and key in the amount they wish to pay with their KrisPay miles.
“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,” said Goh Choon Phong, Singapore Airlines’ chief executive.