AirAsia Group is waiting for approval from Malaysia's financial regulator for its new financial technology offering.
The fintech style programme, which is rumoured to be named «Big» would enable banking and financial services as well as serve as a platform to process inflight purchases for over 60 million people on AirAsia flights annually.
At present, 25 percent of AirAsia flight bookings were made through online platforms rather than manual system.
Multi-Currency Wallet
Speaking in Paris while attending the annual airshow the AirAsia Group CEO, Tony Fernandes said «This would ease the purchasing process in the future, especially when AirAsia aims to achieve a record of 100 million customers flying with us by 2021.»
While this is the group’’s first step into fintech, its BIG Prepaid MasterCard in partnership with MasterCard, which acts as a multi-currency wallet, has a virtual option, and is already in use as a loyalty card by AirAsia’’s frequent flyers.
