Travel giant Flight Centre Travel Group has secured a new four-year agreement with finance provider FlexiGroup.
The new deal will see FlexiGroup be the exclusive provider of interest-free finance to approved Flight Centre, Universal Traveller and Travel Associates customers in Australia.
FlexiGroup said in a statement that the deal will drive repeat business to Flight Centre and is expected to result in a double-digit increase in total income for the company over the life of the partnership.
Rebecca James, CEO of FlexiGroup, said: “This partnership will see Flight Centre and FlexiGroup continue to deliver an experience that is at the forefront of innovation and rich with rewards to our customers.
“Since the launch of Skye in 2018 and our data-driven lifecycle marketing, we have seen a significant increase in engagement with Flight Centre customers, with a greater number of customers making repeat purchases with our product.
“Flight Centre is a highly effective acquisition channel and attractive partner for FlexiGroup, providing high-quality customers with greater than average income, driving higher average ticket size.
“Thanks to a number of new initiatives within our card business, we expect that the renewed partnership with Flight Centre will result in an increase in profitability within our Australian cards portfolio, which continues to be a focus for us as we restructure and simplify our business.”