MANILA — The SM Group and AirAsia have partnered to make their rewards points convertible into each other's loyalty programs.

Dubbed as “My SMAC, My MOVE” the program lets SMAC members convert their SMAC points into AirAsia points, while also allowing AirAsia points to be converted into SMAC points.

Under the promo, 500 AirAsia points can be converted to 125 SMAC Points, which can then be used to buy items at SM Store, SM Supermarket, Hypermarket, Savemore, and other SM Retail Stores like ACE Hardware, Miniso, Sports Central, Surplus, The Body Shop, Toy Kingdom, Watsons, among others.  

Meanwhile, 200 SMAC Points can be converted into 300 AirAsia points which can then be used to pay for not just AirAsia flights, but also flights with over 700 airlines. The points can also be used as a discount via ‘Pay with AirAsia points’ on checkout.  

The program lets SMAC members have more shopping money, and unlock travel-related benefits and other perks with AirAsia rewards’ lifestyle partners.  

For travelers, the program allows them to book trips and stack up on points from flights.

SM is investing up to P33 billion this year to expand its malls, hotels, and other property amid expectations of a sustained recovery in consumer demand and strong economic growth. The conglomerate has said that it expects midterm elections to boost spending.

AirAsia meanwhile has said that it is eyeing to go public in the Philippines within the next 12 months to bankroll its expansion plans.

AirAsia CEO Tony Fernandes said the company is looking to sell 20 to 30 percent of its shares through a possible initial public offering or by going through the backdoor listing route.