Book a Trip, Pay for it Later as Uplift Expands Partnership with KAYAK

Rhea-AI Summary

Uplift and KAYAK have expanded their partnership to enhance payment flexibility for travelers. Starting this fall, KAYAK users can utilize Uplift's Buy Now, Pay Later (BNPL) solution to pay for select flights in interest-free monthly installments. This update includes a lower minimum transaction amount of $100 and $0 down at booking. The offer will be available across all KAYAK booking channels, allowing travelers to budget effectively. Uplift collaborates with over 200 top travel brands to provide flexible payment options.

Positive

• Partnership expansion with KAYAK improves customer payment flexibility.
• Introduction of interest-free monthly installments enhances booking accessibility.
• Lower minimum transaction amount of $100 increases potential customer base.

Negative

• None.

SUNNYVALE, Calif., Sept. 9, 2021 /PRNewswire/ --  Uplift, the leading enterprise Buy Now, Pay Later (BNPL) solution serving the world's top travel brands, and KAYAK, the world's leading travel search engine, have deepened their partnership to provide travelers with greater payment flexibility when booking travel on KAYAK. Expanding on Uplift's existing payment options, starting this fall, KAYAK users will have the added benefit of paying in interest-free monthly installments on select flights through the end of the year.

Travelers will enjoy even greater payment flexibility with interest-free installment options for a limited time.

As BNPL becomes a bigger part of the mainstream payment option for travel purchases, KAYAK will expand its Uplift offering from desktop only to the mobile web and app booking experience. Now, travelers will enjoy even greater payment flexibility with interest-free installment options available for a limited time, a lower minimum transaction amount of just $100, and $0 down at booking.

"Buy Now, Pay Later opens up more opportunities for travelers to sign up for a payment plan and get a trip on the books now," said Steve Sintra, GM and VP of KAYAK. "By giving travelers more flexibility with their payment options, they can now book that bucket list trip we all need in small installments on KAYAK."

KAYAK compares hundreds of flight, stay and car options in one place to help travelers find the best deal. The site also offers budget-friendly product features like Price Forecast (so you know when it's least expensive to book), Price Alerts (so you never miss a good deal) and Explore (so you know where to go within your budget).

Uplift's monthly payments are available across many of KAYAK's leading airline partners.

Interest-free installments will be available for a limited time on select airline partners across all KAYAK booking channels including mobile app and mobile web. Customers will see the total cost of their trip at the time of booking along with the interest-free monthly payment amount, making it easy to budget for and experience the vacation they deserve. There are no late fees or prepayment penalties and customers can travel even before they are finished making their payments.

"We are honored to have partnered with KAYAK and are excited to expand our relationship further," said Tom Botts, Chief Commercial Officer for Uplift. "With the addition of interest-free installments, KAYAK customers can feel even more confident about their decision to book now and pay over time."

Uplift partners with more than 200 of the world's leading airlines, cruise lines, resorts, and other major travel brands to offer BNPL payment options that help people make meaningful purchases and get the most out of their travel experiences.

About KAYAK
KAYAK, part of Booking Holdings (NASDAQ: BKNG), is the world's leading travel search engine. With billions of queries across our platforms, we help people find their perfect flight, stay, rental car, cruise, vacation package. We also support business travelers with KAYAK for Business, our free corporate travel solution and are transforming the in-travel experience with our app and new hotel and accommodation software. For more information, visit www.KAYAK.com.

About Uplift

Uplift is the leading Buy Now, Pay Later solution that empowers people to get more out of life, one thoughtful purchase at a time. Serving the world's top enterprise level travel brands, Uplift's complete range of flexible payment options drive higher conversion and loyalty for partners, while giving customers a simple, surprise-free way to pay overtime with no late or early payment fees. Uplift is currently available throughout the United States and Canada. To learn more, visit Uplift.com.

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SOURCE UpLift

FAQ

What is the new payment option introduced by KAYAK and Uplift?

KAYAK and Uplift have introduced interest-free monthly installments for select flights, allowing travelers to book now and pay later.

When will the new payment options be available on KAYAK?

The new payment options will be available starting this fall.

What is the minimum transaction amount for the new payment plan?

The minimum transaction amount is $100 for the new interest-free installment option.

Does the new payment option involve any late fees?

No, the new payment option does not include late fees or prepayment penalties.

Which travel brands does Uplift partner with?

Uplift partners with over 200 leading airlines, cruise lines, resorts, and other major travel brands.

What is the stock symbol for KAYAK's parent company?

KAYAK is part of Booking Holdings, which is traded under the stock symbol BKNG.