Affirm partners with Agoda to offer travelers more flexible payment options

SAN FRANCISCO–(BUSINESS WIRE)–To affirmthe payment network that empowers consumers and helps merchants drive growth, today announced a partnership with a global travel platform agodapart of Reserve credits, the world’s leading provider of online travel and related services. Now, eligible travelers can book their hotel room for their upcoming trips on the Agoda platform, both on the web and through the app, and pay over time for bookings over $50.

By selecting Affirm as a payment option on the platform, eligible travelers can split the total cost of purchases into bi-weekly or monthly payments for as low as 0% APR. They are shown the full cost of their purchase and will never pay more than the agreed amount in advance. With Affirm, customers will know exactly what they owe with no additional late fees or hidden fees. Agoda integrates Affirm’s Adaptive Checkout to provide customers with dynamic payment options to suit a variety of budgets and preferences, including four interest-free bi-weekly payments as well as monthly payment options.

“We are always looking for innovative ways to help more people access travel, using technology to simplify the search, booking and payment processes,” said Thi-Mai-Linh Bui, Chief Financial Officer of ‘Agoda. “The launch of pay-over-time options with Affirm will allow travelers to North America who may have previously found it inconvenient to pay for their reservation in one lump sum to spread the costs over multiple payments without incurring compound interest. or additional costs. We help consumers re-enter the world of travel, on their own terms. »

“According to a recent report on consumer spending from Affirm, 80% of consumers agree that 2022 will be the year they splurge on a trip on the to-do list and almost 30% plan to pay travel costs over time rather than all at once,” Affirm said. Revenue Director Geoff Kott. “Our partnership with Agoda gives more travelers a cost-effective way to pay for their next big vacation so they can travel without worrying about late or hidden fees.”

Agoda joins over 200,000 Affirm retail partners, including American Airlines, Vrbo, Priceline, Vacasa, and more. Offering Affirm at checkout can reach new customers, boost overall sales, increase average order value and customer repurchase rates.

About Affirm

Affirm’s mission is to provide honest financial products that improve lives. By creating a new kind of payment network, built on trust, transparency and putting people first, we’re empowering millions of consumers to spend and save responsibly, and empowering thousands of businesses the tools they need to fuel their growth. Unlike most credit cards and other payment options over time, we show consumers exactly what they will pay up front, never increase that amount, and never charge late or hidden fees. Follow Affirm on social media: LinkedIn | instagram | Facebook | Twitter.

About Agoda

Since its beginnings as a Singapore-based e-commerce start-up in 2005, digital travel platform agoda has grown to offer a global network of over 2.5 million properties in over 200 countries and territories around the world, providing travelers with easy access to a wide selection of hotels, apartments, homes and luxury and budget villas, for all budgets and travel occasions. In 2019, Agoda added a flight product and packages to make travel even easier.

Based in Singapore, Agoda is part of Booking Holdings (Nasdaq: BKNG) and employs more than 4,000 people in 30 countries. Agoda.com and the Agoda mobile app are available in 39 languages.

For more information, please contact: [email protected]

AFRM-F

Your rate will be 0% APR or 10-30% APR. Payment options through Affirm are subject to eligibility and are provided by these lending partners: affirm.com/lenders. Options depend on the amount of your purchase and a deposit may be required. Affirm, Inc., NMLS ID 1883087. Affirm Loan Services, LLC, NMLS ID 1479506. California Residents: Affirm Loan Services, LLC loans are made or arranged pursuant to a license from California Finance Lender.



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Elaine R. Knight