Global travel platform Agoda has announced its partnership with Visa, the world leader in digital payments, to offer interest-free credit card installments across its booking platform. Agoda will be the first global Online Travel Agency (OTA) to offer this payment option with Visa in the Asia Pacific region.
These installments can now be exclusively enjoyed by HSBC Bank Malaysia credit card holders. In the coming years, Visa and Agoda will progressively roll out this offering regionwide to locations like Australia, Hong Kong, Singapore, Thailand, Vietnam and Philippines, each with respective issuing banks.
“As the world transitions from a pandemic to an endemic state, there is great demand for digital-first experiences to accommodate for changing consumer behaviours and purchasing patterns. At Agoda, we are always looking for innovative ways to help people gain more accessibility – using technology to simplify the search, booking and payment processes. We are happy to be working with a global leader like Visa to empower travellers who might have previously found it inconvenient to pay for their booking in one lump sum, to spread their purchases over multiple payments – allowing for greater flexibility and peace of mind.”, said Thi-Mai-Linh Bui, CFO, Agoda.
To enjoy this benefit, Visa card holders will simply need to enter their credit card details at the point of checkout. An instalment option will appear for eligible card holders. Following which, travellers can select their preferred instalment period via Agoda’s mobile app and website, with no additional charges or fees.
“The buy now, pay later trend is here to stay, so add instalments to the list of consumer expectations for speed, safety and convenience, even when they’re booking their holidays,” said Conor Lynch, Head of Consumer Solutions, Asia Pacific, Visa. “We’re excited for Agoda to join the growing list of businesses in Asia Pacific giving their customers the ability to pay in instalments. It’s particularly great to see instalment payments taking off in the travel industry at the same time people are getting their ‘revenge travel’ plans underway.’