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Pay later platform Affirm has launched a partnership with airline-owned network UATP.
The collaboration, announced Thursday (May 1), allows merchants on the UATP network — which include airlines, rail carriers and travel agencies — to offer customers Affirm’s pay-over-time plans.
“Travel is 10% of all global spend — and it can be expensive and stressful. But legacy credit options add to the hassle with hidden costs and complexity,” Max Levchin, Affirm’s founder and CEO, said in a news release.
“People deserve better, and this partnership with UATP is going to deliver just that: the transparent, flexible payment options Affirm stands for, available as a turn-key option to top travel brands.”
The release noted that travelers are increasingly using Affirm to fund their trips, with the company’s travel and ticketing business growing 40% last year.
Affirm’s deal with UATP is part of a string of arrangements the company has with travel sector firms….
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