Alternative Airlines, TendoPay offer BNPL in the Philippines

Booking platform Alternative Airlines has partnered with Philippines-based digital installment plan solution TendoPay to bring BNPL to the Philippines.

The new payment option allows Alternative Airlines customers based in the Philippines to choose the option to pay in installments when booking flights, an option that is new for TendoPay customers, as Alternative Airlines is their sole merchant. of flights.

Through Alternative Airlines, customers have the option to book flights with over 600 global airlines and spread the cost over multiple installments by selecting TendoPay at checkout and choosing the refund option. This can be done either by dividing the total cost of the flight into four equal payments to be made within six weeks, or by paying in monthly installments ranging from 2 to 12 months with other flexible options. TendoPay’s “Pay in 4” cashback alternative has a 0% interest rate, providing customers with flexible payment options without having to worry about paying additional fees.

Alternative Airlines’ online reservation system offers customers the ability to customize their booking preferences through search filters, as well as the ability to add an extra layer of protection to their booking by selecting Cancellation and Damage Protection. lost baggage.

Alternative Airlines representatives said that the partnership with TendoPay follows BNPL’s increased adoption rate in other regions, as they want to allow customers flexibility when choosing their payment method.

Development of alternative airline payment methods in recent years

With a global reach, Alternative Airlines customers can choose from over 40 international payment methods, including BNPL, e-wallets and over 70 cryptocurrencies in over 160 currencies. With BNPL’s adoption rate increasing as a result of the COVID-19 pandemic, Alternative Airlines has partnered with several flexible payment providers around the world over the past few years.

Earlier in September 2022, the booking platform partnered with Clearpay, the UK-based payment platform to launch “Pay in 4” for flights for UK-based customers.

In February 2022, they announced a partnership with Fly Now Pay later, a payment platform that allows customers to split the cost of flying into monthly installments for up to 12 months, with a maximum loan of £5,000.

In the US, customers were given the option to make their payments over a 6-week period, with the cost split into four interest-free installments, an option made possible by the partnership between Alternative Airlines and Afterpay, announced in September 2021 .

BNPL in the travel industry

Although BNPL is most prevalent in retail, it has been increasingly adopted in the travel industry in recent years. Affirm, the US-based BNPL provider, released the report “On the Move: What Today’s Travel Trends Mean for Your Business” which addresses changing travel habits as well as how consumers’ travel decisions are shaped . With customers looking for more flexibility, implementing various payment options such as BNPL helps businesses increase revenue and gives customers the flexibility to rely on payment methods that suit their needs. By having the ability to make payments in installments, people are less likely to postpone trips they might not have had time to budget for beforehand or could not afford other.

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