The impact of BNPL on the travel industry

Sergio Signoretti, currently CEO advisor and previously Chief Financial Advisor of Lastminute.com, spoke to us about his recent participation as a speaker on the FTT Payments and FTT Embedded Finance stages.

As one of the leading major online travel agents, with a processing volume of over 3 billion euros per year, payments is a huge and vital part of the Lastminute.com, and utilising embedded lending and payments products, specifically their own Buy-Now-Pay-Later (BNPL) offering, is an integral part of their business strategy to improve customer choice and boost revenue.

“We are actively working to ensure Buy-Now-Pay-Later (BNPL) solutions for holidays. Given the size of the average booking value (which is in the region of €2,000) we believe that is essential to give to our customers the possibility of [splitting the] payment into multiple installments”

Watch this short interview to find out what Sergio (Lastminute.com) spoke about on the FTT Payments and FTT Embedded Finance & Super-Apps stages.

Want to find out more? We will be delving into the ways in which various industries, including: retail, healthcare, energy, logistics, manufacturing and travel are implementing embedded payments, embedded lending and more at our event, FTT Embedded Finance & Super-Apps taking place on 13th May in London.