American Airlines Joins Mastercard's BNPL Program

American Airlines Joins Mastercard's BNPL Program

Airlines 2021-11-21
Mastercard has partnered with several major companies, including American Airlines, CSI, Fiserv, and Tsys, as part of the expansion of its BNPL program. The information appeared in a press release from the organization.
  • BNPL is short for "buy now, pay later." This term is used to refer to installment programs.
  • Mastercard has its own BNPL-service - Mastercard Installments. The developers themselves call it "a program that provides a wide range of flexible payment options using digital technology at checkout, both in-store and online."
  • With Mastercard Installments, customers, among other things, can split the total payment amount into four transfers. The program also supports interest-free installments.
  • The Mastercard team presented its BNPL service in September 2021. The company's analysts found that installment tools can increase store sales by an average of 45%. At the same time, BNPL solutions reduce the number of "abandoned carts" by 35%.
  • According to the press release, new participants in Mastercard Installments include American Airlines, technology company CSI, for-profit organization Fiserv and payments platform Tsys.
  • Mastercard is not the only central payment system in the BNPL market. Its main competitor, Visa, has similar solutions.

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