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Fernandes: AirAsia growing payments business as part of digital push


“We are going to cut exchange rates. We will also disrupt the remittance market. And finally we will get into the money lending business,” AirAsia Group CEO Tony Fernandes said at the Money20/20 Asia conference in Singapore

“We are going to cut exchange rates. We will also disrupt the remittance market. And finally we will get into the money lending business,” AirAsia Group CEO Tony Fernandes said at the Money20/20 Asia conference in Singapore

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.

Airlines , Corporate News , airasia

   

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