UnionDigital Bank, a subsidiary of Union Bank of the Philippines, partnered with Capital A's key subsidiaries BigPay, AirAsia and airasia Superapp, to redefine the way people travel and manage their finances.
AirAsia is the airline business of Capital A, while airasia Superapp is the one-stop travel platform offering services from flights, hotels, ride-hailing and loyalty programs.
BigPay is the fintech arm providing accessible and secure digital financial services with the vision of improving financial well-being and accessibility in Southeast Asia.
UnionDigital's role will be to provide embedded finance in partnership with BigPay within the airasia Superapp travel platform, the main booking channel for AirAsia flights in the Philippines.
The collaboration will improve travel booking experience for airasia Superapp’s frequent fliers with flexible payment options with Fly Now, Pay Later offers and exclusive co-branding deals.
This will create a progressive shift in the way customers plan and pay for their flights and other travel-related services, making fintech more convenient and accessible for Filipinos.
“For Capital A, the vision has always been to provide low cost, best value services, connecting people and realizing dreams," said Tony Fernandes, CEO Capital A.
"We are now on our way to creating a future where travel meets innovative financial solutions that facilitate everyone’s dream journeys with unparalleled ease," he stressed.
“Data has shown that 7 out of 10 of our customers in the Philippines save up for their travel plans, carefully budgeting to ensure they can explore the world comfortably," Fernandes pointed out.
"This fuels our determination to break down barriers and create a more connected and inclusive global community,” he added.
UnionDigital’s partnership with BigPay, a leading mobile wallet providing financial services in Malaysia and Singapore, solidifies its expansion into the Philippine market.
Through this partnership, BigPay can provide Philippine customers with services that will improve their financial health and management.
"BigPay is one step closer to making our financial services highly accessible in the Philippines, with the mission of empowering people to level up their lives, one transaction at a time,” according to Zubin Rada Krishnan, CEO of BigPay.
“As tourism flourishes in the region, we are excited to elevate the end-to-end travel and payment experience of Filipinos through our collaboration with UnionDigital Bank and Airasia," he noted.