you buy your holiday at the given time line of the scheme and then make payment for it after your trip is complete in a time span. This gives the traveller the chance to see the world at a decent price and pretty good pay later option.
This isn’t the first time that this scheme has come around. A lot of other industries have tried this before the travel industry took it. When speaking to Himank Tripathi who has been in the trade for a life time about the scheme, he stated that “The travel industry is witnessing a fast-paced growth as the travel sentiments are very positive where people are keen to travel to their favourite destination without any delay. This is where BNPL(BuyNowPayLater) has emerged as a new trend showing a growth of more than 25% compared to last year. All the key airlines, OTAs and banks have come forward with their aggressive plans in that direction. Mostly driven by international travel, newlyweds and small families are driving this BNPL phenomenon. Furthermore, this BNPL will continue to grow as the outbound traffic from India will surpass $42 Billion in the next two years.”
