![]() “Many of Jetstar’s customers already use Afterpay to purchase items at various retailers and are familiar with the flexibility of paying over time.”Īfterpay’s agreement with the airline marks the third partnership for the business this year, with May seeing the fintech partner with New Zealand ecommerce platform Trade Me. “Partnering with Afterpay gives our customers the option to lock in low fares at today’s prices and pay over time, even during our sales,” she said. We believe the demand for Afterpay in the travel market will be very strong,” said Molnar.įor Jetstar, Group CEO Jayne Hrdlicka said the company was excited about the partnership, adding that it would enable customers to travel more often. “There has been a clear shift in millennials’ share of wallet towards the services industry and more specifically travel. While the buy now, pay later option is only offered on domestic flights at the current time, the companies have said they are investigating extending the service to international flights.Īfterpay cofounder Nick Molnar said the agreement marks an opportunity for the startup to move into a “brand new product category”, and a market where customers are looking for new ways to complete payments. The option will be available on flights worth between $200 and $1,000 booked at least eight weeks in advance, with a service fee of $10 per transaction. The first airline to adopt Afterpay in Australia, Jetstar customers looking to book domestic flights and products will be able to access Afterpay as a payment option, allowing them to pay for their travel through four fortnightly instalments. Sydney fintech Afterpay has announced a new partnership with Jetstar that will see the company’s ‘buy now, pay later’ solution become available to Jetstar customers.
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