Online payment service provider PayPal and Asian carrier Singapore Airlines announced that customers in the US, Singapore and five other Asia Pacific countries and territories can now pay for their tickets via their PayPal account on singaporeair.com.
In this strategic partnership, Singapore Airlines customers may purchase tickets in as few as three clicks without having to retype their credit card or financial details. Apart from their PayPal account balance, users can pay for flights using credit or debit cards that are linked to their PayPal accounts. Users’ privacy and financial information will also be protected in the online transaction.
This collaboration between the two global companies could prove to be beneficial for both.
Singapore Airlines will be able to provide customers with a better checkout experience with PayPal’s hassle-free and secure payment service. Furthermore, the airline will be better positioned to reach out to more travellers on PayPal’s worldwide network of 94 million active users.
Ebay subsidiary PayPal gets a percentage from each online payment through its platform. By adding the much admired carrier to its list of merchants leveraging on its service, it strengthens its position in the growing personal payments marketspace in Asia Pacific.
Paypal’s first ever “Online and Mobile Shopping Insights” study in Singapore showed that shoppers here spent S$1.1 billion on online purchases in 2010 and are likely to spend four times that amount by 2015.
The company’s international headquarters is located in Singapore has been beefing up its operations here in Asia Pacific. It processed more than US$6 billion of total payment volume in the region in 2009, an increase of 38 percent from 2008.
More details and information can be found on the Singapore Airlines’ press release.
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