FinTech: Southwest Airlines Customers Can Use Uplift’s Solution To Travel Now, Pay Later

April 26, 2021 | FinTech, News
https://dailyalts.com/wp-content/uploads/2021/04/southwest.jpg

The Southwest-Uplift partnership took off Friday, April 23.

Uplift, which spreads the cost of your purchases over fixed monthly installments, a fintech service that is also known as Buy-Now-Pay-Later (BNPL), has tied up with Southwest Airlines (NYSE: LUV) to offer travelers this payment method. The option is now built into the Southwest Airlines booking system and a traveler availing of it will see both the total cost of the trip as well as the monthly payment amount at the time of booking. (CISION PR Newswire)

The flexible payment option is available to Southwest customers for more than 100 U.S. and international destinations.

The facility could prove to be particularly useful now that strong pent-up consumer demand for travel is emerging as COVID-19 case counts decline and vaccinations ramp up.

Southwest: Consumer-friendly

“Southwest Airlines is one of America’s most beloved airlines, with a strong brand reputation based on a spirit of freedom and empowering customers with affordable travel,” said Brian Barth, CEO of Uplift, in a statement. “For travelers who already appreciate the low fares and world-renowned hospitality that Southwest is known for, the payment flexibility of Uplift’s Buy Now, Pay Later solutions will be another addition to Southwest’s customer-friendly offerings.”

As an example, for a trip costing $300, a traveler can, instead of paying upfront, elect to use the Uplift BNPL option to pay in 11 monthly payments of $29 each.

Uplift’s enterprise BNPL solution

Claiming to be the only enterprise BNPL solution serving the top travel brands across the globe, Uplift already has tie-ups in place with 15 other airlines. Southwest becomes its latest client, with the tie-up expanding upon the existing arrangement with Southwest Vacations.

Uplift enjoys an advantage because it has existing payment rails in place with Universal Air Travel Plan (UATP) – the global payment solution owned by the world’s leading airlines of which Southwest is a shareholder and Issuer.

This exclusive arrangement with UATP enables fast, secure, and cost-effective payment settlement for airlines, including the new BNPL option for Southwest flights.

“Southwest Customers are eager to fly again, and our expanding partnership with Uplift will help open up the possibilities of affordable travel to even more people, just in time for the summer vacation season and beyond,” said Jonathan Clarkson, Managing Director of Loyalty, Partnerships, and Products for Southwest Airlines.

Related Story:  Aussie “Buy Now Pay Later” (BNPL) Openpay Launches In The U.S.

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2023/12/AMD_headquarters_santa_clara.624da707519a6.jpg
Artificial Intelligence: AMD Takes On Rivals In The AI Chip Sweepstakes
December 7, 2023     Artificial Intelligence, News

Chipmaker AMD (NASDAQ: AMD) has unveiled a range of innovative AI solutions spanning from data centers to personal computers. The AMD Instinct MI300 Series features data center AI accelerators, while…

https://dailyalts.com/wp-content/uploads/2023/12/RHCEU-Inline.jpg
Digital Assets: Robinhood Debuts Crypto Trading On Its App In The EU
December 7, 2023     Digital Assets, FinTech, News

Robinhood (NASDAQ: HOOD) has launched its Crypto app in the European Union (EU), allowing eligible customers to engage in crypto trading with the added incentive of earning Bitcoin rewards. Customers…

https://dailyalts.com/wp-content/uploads/2023/12/Samsung_UK_Samsung_Pay_Lifestyle_0552-revised-Pictogram-23.11.30-1024x744-1.png
FinTech: Samsung Electronics Ties With Mastercard’s Wallet Express
December 7, 2023     FinTech, News

Samsung Electronics (KRX: 005930) and Mastercard (NYSE: MA) have partnered to launch the Wallet Express program, offering banks and card issuers a cost-effective way to expand digital wallet offerings. Through…

https://dailyalts.com/wp-content/uploads/2023/12/Revaia-founders.jpg
Venture Capital: Revaia, Europe’s Biggest Female-Led VC Firm, Racks Up $160M For Second Fund
December 7, 2023     ESG and Sustainability, News, Venture Capital

Revaia, Europe’s largest female-founded venture capital firm, has successfully raised €150 million ($160 million) for its second fund, Revaia Growth II. The funding was secured from sovereign wealth funds, family…