According to TechCrunch, Fave allows merchants to accept digital payments by having a customer scan a QR code. Once the payment is made, the customer automatically receives a cashback / loyalty point through the Fave app that can only be redeemed at that specific business during future transactions.
Pine Labs – which offers businesses payments terminals, invoicing tools, and working capital, and acquired a gift cards solution provider Qwikcilver in 2019 — made its first investment in Fave in 2020.
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