This is part of the company's efforts to diversify payment
options to suit all traveller needs
SINGAPORE,
May 11, 2022
/PRNewswire/ -- Global travel platform Agoda, today announced
its partnership with Visa, the world leader in digital payments, to
offer interest-free credit card instalments 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 instalments 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.'
About Agoda
Agoda helps anyone travel anywhere with its great value deals on
a global network of 2.7M hotels and
holiday properties worldwide, plus flights, airport transfers and
more. Agoda.com and the Agoda mobile app are available in 39
languages and supported by 24/7 customer support.
Headquartered in Singapore,
Agoda is part of Booking Holdings (Nasdaq: BKNG) and employs more
than 4,800 staff in 32 markets, dedicated to leveraging
best-in-class technology to make travel even easier.
About Visa
Visa is a world leader in digital payments, facilitating
transactions between consumers, merchants, financial institutions
and government entities across more than 200 countries and
territories. Our mission is to connect the world through the most
innovative, convenient, reliable and secure payments network,
enabling individuals, businesses and economies to thrive. We
believe that economies that include everyone everywhere, uplift
everyone everywhere and see access as foundational to the future of
money movement. Learn more at Visa.com.
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SOURCE Agoda