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