Traveloka and Home Credit launched Buy Now, Pay Later (BNPL) service in Việt Nam – Home PayLater. — Photo courtesy of the firm
Traveloka, one of Southeast Asia’s leading travel platforms, on Tuesday launched of its Buy Now, Pay Later (BNPL) service in Việt Nam – Home PayLater – in collaboration with Home Credit.
This partnership brings Home PayLater to the Traveloka platform, allowing travel enthusiasts to explore alluring destinations freely and search for air tickets, hotels, and travel activities with financial flexibility. With the new and rapid Home PayLater powered by Home Credit, users can enjoy a seamless and convenient experience on the Traveloka platform.
Caesar Indra, President, Traveloka, said: "The collaboration with Home Credit to launch Home PayLater aims to offer users a novel payment solution that makes travel more affordable, while ensuring a comprehensive end-to-end experience. Home PayLater further underscores Traveloka's dedication to Việt Nam's sustainable and inclusive development, as it allows us to expand travel services to more customers, allowing travel to be accessible to more consumers in Việt Nam. At the same time, this initiative marks a pivotal step in the digital transformation of Việt Nam’s tourism industry – it caters to the needs of tech-savvy young customers who are keen to explore the world in comfort and with convenience in the palm of their hands.”
According to the latest 2023 e-Conomy SEA report, Việt Nam's digital economy is forecast to reach US$30 billion in 2023 and $45 billion by 2025, of which online travel accounts for 15 per cent. In this context, Traveloka has emerged as a pioneering force by offering the "Buy Now, Pay Later" option for travel products and services, showcasing its technological advantages, as well as its quick market adoption. In addition, Traveloka has a strong foundation in Việt Nam’s travel ecosystem, having established a presence in the country approximately 8 years ago. Home Paylater will provide more options on the platform to elevate the experience for current users and attract new ones. — VNS