Online travel agency (OTA) Play Travel has announced a new payment option for customers which it claims to be a first for the local travel industry.
Planpay gives travellers the opportunity to choose a holiday package or build their own to the value of $12,000 and pay back in weekly interest-free instalments over a two- to 12-month period, and have the cost of their holiday paid off before they travel.
Play Travel CEO Andrew Paykel claims that never before has such a high value been applied in any sector in a by now, pay later capacity.
“Over the past year, we’ve seen the idea of travel completely reinvented due to the pandemic,” he said.
“Despite the barriers we’ve been faced with, including financial, consumers are still eager to get out and explore. That’s why we’ve chosen to grow our offering beyond Afterpay and launch Planpay – we want to be the gateway to helping Aussies live their travel dreams.”
Launched in the thick of the COVID-19 pandemic last year, the OTA also offers customers the option to Afterpay their holiday. With a limit of $3,000, paid in four fortnightly instalments, travellers can book and travel within 48 hours.
Paykel said both payment options allow customers to take control by planning and paying for travel in a responsible and stress-free way.
“These payment solutions will not only help consumers, but ultimately the travel industry, as it slowly rebuilds”, he said.