AmEx launches BNPL flights

American Express (AmEx) has launched a Buy Now, Pay Later (BNPL) service that will enable its US consumer card members to book AmEx travel flights and pay for them in monthly instalments.

The service is made available through ‘Plan It’ at the checkout, which will give customers more payment flexibility for flights worth $100 or more.

AmEx plans to expand the service to pre-paid hotel bookings on its website later this year.

“Plan It has become a popular tool for many of our Card Members – particularly among Millennials and Gen Z – who want to easily manage their purchases in a simple and transparent way, from a brand they know and trust,” said Shikha Narula, vice president of U.S. consumer lending. “With travel bookings on American Express Travel up 50 percent sequentially in the first quarter, and vaccinations accelerating, it’s a great time to make this feature available for booking travel on”

    Share Story:

Recent Stories

The Future of Intelligent Finance
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.

The Rise of Instant Payments
Instant payments are creating new business opportunities for banks by providing more touchpoints than ever. With these evolutions underway, Featurespace brought leading industry experts together to discuss how they are protecting customers from fraudsters in real time, utilizing innovative and disruptive solutions to reduce fraud. Click here to find out more.

Offloading Cyber Risk in the Cloud
As cyber attacks and data breaches are in the news on an increasingly regular basis - with regulatory penalties and customer trust on the line for financial services firms - it has never been more crucial to be compliant in the cloud.

This video, with Akamai’s EMEA director of security technology and strategy Richard Meeus, will help explain what your company can be doing to make sure it’s not embroiled in the next big fine or front-page scandal.