Cebu Pacific And Cashalo To Inititate “Fly Now, Pay Later” Program
CEBU PACIFIC – Filipino airline company Cebu Pacific recently collaborated with Cashalo to initiate a “Fly Now, Pay Later” program.
According to GMA News, the program was launched in the city of Makati on Tuesday (August 20). The collaboration allows passengers to reserve flights that is worth up to ₱ 7, 000 via the mobile lending platform Cashalo.
The program will be accessible in installments for three to six months and is reported to have a monthly interest of about 8.75%. This will then fall on the rest of the balance.
Vice President for Marketing and Distribution of the airlines Candice Iyog said that this will improve payment choices for their costumers and will also aid to those who needs to travel urgently.
As per the report, the option is also fully inserted in the booking system of the airlines with credit approvals which is reportedly going to be processed in less than three hours averagely.
General manager for Cashalo Hamilton Angluben said that this is the first-of-its-kind type of solution, further saying that the Pay with Cashalo will change how Pinoys from all areas of society transact online and establish a more sure monetary future.
Earlier this week, the airlines recently announced a ₱99 Seat sale for one-way domestic flights coming from the Clark International Airport.
What do you think? How will you react to this? Let us know more about it.