The owners of AirAsia, Capital A partnered with UnionDigital Bank, the digital bank subsidiary of Union Bank of the Philippines. They will collaborate with AirAsia, airasia Superapp, and BigPay. The announcement was made during the APEC Business Advisory Council (ABAC) meeting press conference in Cebu. Industry leaders and policymakers attended the meeting.
AirAsia, the airline business of Capital A, and airasia Superapp, the one-stop travel platform, are joining forces with BigPay, the fintech arm aiming to improve financial wellbeing in Southeast Asia. UnionDigital Bank will provide embedded finance in partnership with BigPay within the airasia Superapp travel platform. The Superapp is the main booking channel for AirAsia flights in the Philippines.
The collaboration promises a seamless and enriched travel booking experience for airasia Superapp users. It will transform how people travel and manage finances. It introduces flexible payment options, including a Fly Now, Pay Later offer and exclusive co-branding deals. This will make fintech more convenient and accessible for Filipinos.
AirAsia CEO’s vision
Tony Fernandes, CEO of Capital A, envisions a future where travel meets innovative financial solutions, breaking barriers and fostering an inclusive global community.
Moreover, data shows that 7 out of 10 Filipino customers save up meticulously for travel plans, inspiring Capital A’s determination to create a connected community with improved accessibility.
Subsequently, for UnionDigital Bank, this partnership expands into the Philippine market. Thus, empowering Filipinos with secure and frictionless financial services through BigPay.
Zubin Rada Krishnan, CEO of BigPay, looks forward to elevating the travel and payment experience for Filipinos, empowering them to level up their lives.
The collaborations unveiled at ABAC signal progress for local banking and travel sectors, driving innovation and economic growth.
Henry Aguda, President, and CEO of UnionDigital Bank emphasizes the path towards greater convenience and inclusivity.
Furthermore, the collaboration demonstrates dedication to driving positive change, leveraging synergies to uplift Filipinos’ lives.
In conclusion, by pioneering new initiatives with partners, a financially inclusive Philippines is within reach.