Uplift, the premier enterprise Buy Now Pay Later (BNPL) solution serving the world’s biggest travel companies, has partnered with Amadeus for clients in the United States and Canada.
According to traveler studies, 68% would spend more money on travel if BNPL choices were accessible. Travel is a high-priced commodity for customers, particularly when arranging a family or long-distance vacation. Buy Now Pay Later (BNPL) alternatives have evolved in recent years as a method to stretch the cost of a purchase across multiple monthly installments, giving passengers more flexibility. As part of a multi-provider BNPL ecosystem devoted to travel, Amadeus is teaming with travel expert Uplift to deliver BNPL services to its famous Amadeus Xchange Payment Platform (XPP).
Hundreds of airlines and travel firms rely on XPP to power all aspects of their payments, from fraud detection through payment acceptance. Airlines, travel agencies, and hotels may now simply add BNPL alternatives to their sales channels through a single Amadeus link, making ‘Uplift’ BNPL options more accessible to passengers throughout the sector. Travelers can opt to pay for their trip in six, nine, or twelve monthly payments.
Because of the widespread demand for advance payments at the time of booking, BNPL is particularly well suited to the travel industry. According to an Amadeus study, 68% of travelers would spend more on travel if BNPL choices were accessible, with 49% saying they would be more likely to purchase airline ancillary services.
Beatrice Bouju, Head of Partnerships, Payments, Amadeus said: “The growth of BNPL across all sectors has been remarkable and the message from travelers is clear – they want the choice to pay for the trip in installments. Such payment options will help travel’s recovery by facilitating pent-up demand for higher value holidays as travel restrictions are lifted.”
She continued: “Our vision for the Amadeus Xchange Payment Platform is a one-stop-shop for travel companies to access the latest in fintech innovation, so adding BNPL services from two travel specialists to the mix was an easy choice.”
Tom Botts, Chief Commercial Officer, Uplift added: “Travelers increasingly prefer the option to pay for a trip in installments, over two thirds of Uplift users chose BNPL because it reduces financial stress to pay over time versus all at once. BNPL has become a standard payment method across travel. Now, travel providers that rely on the Amadeus Xchange Payment Platform can add Uplift’s flexible payments quickly and simply, immediately benefiting from stronger customer loyalty and increased bookings.”
Amadeus XPP helps travel companies access the latest fintech innovations to improve the payment experience for travelers.