on NextTrip, Inc. (NASDAQ:NTRP)

NextTrip Launches FlexPay Travel Payment Options for Bookings

Stock price chart of NextTrip, Inc. (EBR:NTRP) showing fluctuations.

NextTrip, Inc., a travel technology company, has introduced FlexPay, a proprietary technology offering flexible payment options for its direct-to-consumer travel booking website. FlexPay enables customers to pay for accommodations through interest-free installments without credit checks, thus differentiating itself from other travel booking platforms. Travelers can now book vacations with as little as $1.00 down at eligible properties.

"The timing of our FlexPay launch aligns perfectly with the increasing popularity of 'buy now, pay later' with consumers," noted Bill Kerby, CEO of NextTrip. According to industry reports, the use of 'buy now, pay later' services is expected to double from 4% of e-commerce transaction value in 2021 to 9% by 2025 in North America.

FlexPay is designed for seamless integration into the booking experience and offers new marketing opportunities through social media and direct-to-consumer channels. This initiative aims to enhance sales and conversion rates by offering affordability and flexibility for customers.

R. H.

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