Global travel booking platform Agoda is offering interest-free credit card installments for travel with Visa and is the first online travel agency in the Asia-Pacific region to offer the arrangement, according to a press release issued on Wednesday 11 may.
The installment plan is available to HSBC Bank Malaysia credit cardholders and will be available in the coming years in countries such as Australia, Hong Kong, Singapore, Thailand, Vietnam and the Philippines, each with different issuing banks.
“As the world transitions from a pandemic to an endemic state, there is strong demand for digital experiences to adapt to changing consumer behaviors and shopping habits,” said Thi-Mai- Linh Bui, Chief Financial Officer of Agoda, in the statement. “At Agoda, we are always looking for innovative ways to help people gain accessibility, using technology to simplify the search, booking and payment process.”
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Bui added that working with Visa gives travelers the ability to split travel payments into installments, “allowing for greater flexibility and peace of mind” at no cost or additional cost.
Based in Singapore and co-founded in 2005 by President Robert Rosenstein, Agoda is part of Booking Holdings and employs more than 4,800 people in 32 markets. The company strives to harness advanced technology to make travel easier, according to the statement.
“The buy now, pay later trend is here to stay, so add installments to the list of consumer expectations for speed, security and convenience, even when booking their vacations,” said Conor Lynch, Head of Consumer Solutions, Asia Pacific. , Visa.
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“It’s especially great to see installment payments take off in the travel industry as people get their ‘revenge travel’ plans underway,” Lynch added.
Agoda works with a global network of 2.7 million hotels and vacation properties worldwide, and collaborates with flights, airport transfers and other travel-related businesses.