Nubank And Despegar Announce Integration Of Nupay As A New Payment Option On Despegar's Travel Platform

Author: Benzinga Newsdesk | October 01, 2024 09:28am

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:

1. Despegar gains access to Nubank's 95.5 million Brazilian customers, broadening its target market significantly
2. 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
3. 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.

Posted In: DESP NU