KUALA LUMPUR: Capital A Bhd has entered into a partnership with UnionDigital Bank, the digital bank subsidiary of Union Bank of the Philippines, to enhance the travel experience for Filipino travellers.
The partnership involves Capital A's three key subsidiaries, namely its airline AirAsia, one-stop travel platform AirAsia SuperApp, and fintech arm BigPay.
According to Capital A, the partnership is expected to deliver a seamless and enriched travel booking experience for AirAsia SuperApp's users and redefine the way people travel and manage their finances.
It will also enhance the travel experience of frequent fliers with flexible payment options, with a Fly Now, Pay Later offer available in AirAsia SuperApp, and exclusive co-branding deals.
This will create a progressive shift in the way customers plan and pay for their flights and other travel-related services, making fintech more convenient and accessible for Filipinos.
Capital A chief executive officer Tony Fernandes said the company's vision has always been to provide low-cost, best-value services, connecting people and realising dreams for people of Asean and beyond.
"With UnionDigital as our proud partner, we are now on our way to creating a future where travel meets innovative financial solutions that facilitate everyone's dream journeys with unparalleled ease.
"We look forward to working with UnionDigital to redefine travel coupled with fintech as an accessible and enriching experience," he said in a statement.
UnionDigital Bank's partnership with BigPay, a leading mobile wallet providing financial services in Malaysia and Singapore, solidifies its expansion into the Philippine market.
BigPay chief executive officer Zubin Rada Krishnan said through this partnership, the company is one step closer to making its financial services highly accessible in the Philippines, with the mission of empowering people to level up their lives, one transaction at a time.
"With these key partnerships, we believe we can continue to make lives better in the Philippines through innovative and smart financial services," he added.
Meanwhile, UnionDigital Bank chief executive officer and president Henry Aguda said the collaboration demonstrates dedication to drive positive change, leveraging on powerful synergies that will empower and uplift the lives of Filipinos.
"As we continue to push boundaries and pioneer new initiatives with like-minded partners, a financially inclusive Philippines will surely be on its way," he said.
The collaboration was unveiled at the APEC Business Advisory Council (ABAC) meeting press conference in Cebu on Sunday, attended by industry leaders and policymakers.
It recognises the potential impact of these partnerships, reinforcing UnionDigital Bank's commitment to driving innovation and fostering economic growth alongside these key industry players.