Nubank and Despegar Announce Integration of Nupay on Despegar’s Travel Platform
October 01 2024 - 8:25AM
Business Wire
Despegar.com, Corp. (NYSE: DESP) (“Despegar” or the “Company”),
Latin America’s leading travel technology company and Nubank (NYSE:
NU), the largest digital banking platform outside Asia, today
announced the integration of NuPay as a new payment option on
Despegar’s travel platform.
The collaboration between Nubank and Despegar offers multiple
strategic benefits for both companies, including:
- Despegar gains access to Nubank's 95.5 million Brazilian
customers, broadening its target market significantly
- Nubank's customers will gain access to Despegar’s travel
platform and services enjoying increased spending limits and
enhanced purchasing power through a variety of payment options,
including debit and credit
- The partnership creates a more streamlined payment process,
boosting Despegar's conversion rates while offering greater
convenience to both companies' users
Combining Nubank's extensive customer base with Despegar's
seamless travel services allows both companies to capitalize on
their strengths delivering enhanced value to their customers and
paves the way for new opportunities and an improved user
experience.
About Despegar.com
Despegar is the leading travel technology company in Latin
America. For over two decades, it has revolutionized the tourism
industry in the region through technology. Despegar operates in 19
countries in the region, accompanying Latin Americans from the
moment they dream of traveling until they share their memories.
With the purpose of improving people's lives and transforming the
shopping experience, Despegar has developed alternative payment and
financing methods, democratizing the access to consumption and
bringing Latin Americans closer to their next travel experience.
Despegar’s common shares are traded on the New York Stock Exchange
(NYSE: DESP). For more information, visit Despegar’s Investor
Relations website https://investor.despegar.com/.
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version on businesswire.com: https://www.businesswire.com/news/home/20241001925646/en/
IR Contact Luca Pfeifer, Investor Relations Phone: (+1) 305 481
1785 E-mail: luca.pfeifer@despegar.com
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