Worldline has announced the expansion of its Buy Now Pay Later offering to bolster the payment journey within the travel sector.
It comes amid increased engagement within the BNPL space, as a growing number of consumers seekto utilise the alternative payment journey for a wider range of transactions.
Damien Cramer, Global Head of Airlines and Travel at Worldline: “We’re excited to ensure that travel merchants can now benefit from the growing popularity of the Buy Now Pay Later phenomenon. Ultimately, through this service, merchants are well placed to gain additional customers attracted by the ability to spread the load of their holiday expenditure, while still enjoying the security of receiving a single up-front payment from the BNPL provider.”
As a result of embracing BNPL, merchants largely benefit from a higher conversion rate, improved average order value, and an increase in direct bookings by offering BNPL at checkout.
The service is available for merchants who are connected to TravelHub, Worldline’s payment technology specific to travel merchants offering over 150 payment methods and currencies, multi-acquiring, tokenisation and a range of fraud prevention services.
Jasper Dykes, Founder and CEO at Fly Now Pay Later added: “As a dedicated team of travellers committed to making paying for travel simpler and fairer, we are delighted to announce the partnership with Worldline as a highly respected pioneer in secure payments and trusted transactions. We’re all about making sure that travel payments work for everyone, so welcome the opportunity to work with merchants to help their customers spread out the cost of a hotel, flight or holiday.”
Expert Analysis: BNPL engagement has grown as consumers continue to look for alternative methods of payment, with it becoming a potential route for a growing number of transactions. As a challenging economic period looms, the expansion of BNPL can support consumers in being able to travel, even at a tricky time.