LatitudePay signs up Luxury Escapes

Latitude Financial today announced a major partnership with online travel company Luxury Escapes, allowing Australians to pay for their holidays over 10 weekly instalments using digital payments platform LatitudePay

From today, LatitudePay is available at www.luxuryescapes.com as Luxury Escapes’ preferred and only payments platform for travel deals under $1000.

Luxury Escapes is Australia’s fastest growing online travel company with 3.2 million customers and the second major partner to go live during LatitudePay’s launch phase this month. Many other high-profile merchant partners will be announced and made available on the platform in coming weeks.

LatitudePay will support the increasing number of Australians booking their holidays online using Luxury Escapes, and sister site Scoopon Travel, allowing them to pay for their travel over 10 weekly instalments, with no interest.

LatitudePay extends Latitude's highly successful payments and instalments platform, which is already helping Luxury Escapes and Scoopon Travel customers pay for larger-priced holidays through interest-free instalments.

Latitude Financial Managing Director and CEO Ahmed Fahour said the new deal offered further flexibility for the many customers of Luxury Escapes who already use Latitude's longer-term interest-free options.

“Luxury Escapes is the fastest growing online travel company in Australia, with 3.2 million customers using the site to conveniently book their dream holiday. LatitudePay will make it even easier for travellers to be on their way,” he said.

“Today’s announcement shows the momentum LatitudePay is gathering by offering merchants across Australia a better payments and instalments solution, with merchant fees cut to zero for purchases under $250. In the coming weeks we will make a series of announcements about other leading retailers and eCommerce partners joining the LatitudePay platform.”

Luxury Escapes CEO Cameron Holland said more customers will now have a manageable way to pay off their holiday through spreading the cost of the purchase over a longer period of time.

“LatitudePay is a great way for our customers to take advantage of booking limited-time offers without having to pay the entire cost upfront, reducing the financial strain that can be associated with booking travel,” he said.

“It's important to us to offer our customers choice and flexibility. Being able to offer interest-free instalment payments through LatitudePay also reflects shifting consumer behaviour and the changing way we are seeing our customers plan for and purchase their holidays.”

Creating a LatitudePay account at www.luxuryescapes.com or directly at www.latitudepay.com takes just 90 seconds and Luxury Escapes and Scoopon Travel customers can get instant approval for spending amounts of between $150 and $1000.

All customers also undergo a credit and ID check when they sign up, as part of Latitude’s ongoing commitment to acting responsibly.

Customers face no fees or charges when they pay on time and late fees are capped at $10 for balances less than $50, or $50 for larger balances.

LatitudePay also slashes merchant fees as part of its commitment to helping retail partners grow their businesses. All merchants signing up to LatitudePay will pay no merchant fee on purchases up to $250 until January 2021 and fees for purchases from $250 to $1000 will be market leading.

Latitude Financial is a leading digital payments, instalments and lending business with 2.6 million customer accounts across Australia and New Zealand. Luxury Escapes and Scoopon Travel are part of Latitude Financial’s network of more than 1,950 merchant partners that operate more than 9,000 online and physical outlets.

Media contact

Mark Gardy
Mark.Gardy@latitudefinancial.com
+61 412 376 817