Nubank and Despegar Announce Integration of Nupay on Despegar's Travel Platform
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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