Fernandes: AirAsia growing payments business as part of digital push

AirAsia group CEO Tan Sri Tony Fernandes says the initial share sale plans of the Indonesia and Philippines units are proceeding well.

SINGAPORE: AirAsia Bhd plans to expand its BigPay debit card and mobile app recently launched in Malaysia to other countries in the region and to add remittance and lending products, its group CEO said, as the budget airline group taps new revenue sources.

BigPay is one of the businesses AirAsia, a pioneer of low-cost flying in Asia, has been developing to help gain more data on customers and to increase earnings from income streams other than selling tickets.