Debt recovery platform Receeve announced it has been selected by buy now, pay later (BNPL) travel firm Fly Now Pay Later for its collections and recovery management solution.
“The Fly Now Pay Later team is embracing a fast-paced global growth plan capitalising on rising travel demand, especially now that travel restrictions have been fully withdrawn,” Receeve Co-founder and CEO Paul Jozefak said in a Wednesday (Sept. 7) press release. “At receeve, we are thrilled to support our new customer’s international expansion and excellent customer focus.”
The company’s collections and recovery technology platform “allows Fly Now Pay Later to integrate data from any system faster, gain insights and maintain compliance,” per the release.
“As Fly Now Pay Later continues to expand internationally, we aspire to provide an enhanced payment recovery experience to our customers,” Fly Now Pay Later CEO Jasper Dykes said in the release. “Both our team and our customers will benefit from receeve’s maximum flexibility and control.”
He added, “By having one platform that can be easily customised to each market where offer our services, receeve will be supporting our company’s plan of growth and scalability.”
As PYMNTS reported last month, Fly Now Pay Later is among a host of new BNPL players that are looking to extend the installment-based credit solution beyond the realm of consumer goods and into travel.
Read on: BNPL Beyond Consumer Goods: The Rise of Travel Now, Pay Later
Still within the travel sector but lower on the ground, the U.K.’s largest coach operator, National Express, partnered with BNPL provider Clearpay earlier this year, enabling customers to pay for travel tickets in four interest-free installments over six weeks.
Other BNPL offerings in the travel and tourism space include a Stay Now Pay Later service from United Arab Emirates (UAE)-based FinTech Cashew, and Klarna’s “travel now, pay later” service offered in partnership with Expedia.
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