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Despegar.com Launches Co-branded Credit score Card in Brazil in Partnership with Santander and Visa to Complement its Loyalty Program

WILMINGTON, Del.–(BUSINESS WIRE)–Despegar.com, Corp. (NYSE: DESP), (“Despegar” or the “Firm”) a number one on-line journey firm in Latin America, at this time introduced that its Brazilian subsidiary Decolar launched a co-branded bank card in partnership with Visa Inc. and Banco Santander (Brasil) S.A. for the Brazilian market. A singular characteristic of this new card is that it may be authorized on-line earlier than making the primary journey buy. All factors amassed with this co-branded card will likely be out there for redemption for all journey associated merchandise and/or providers at Despegar.

“With this initiative Passaporte Decolar, Despegar’s loyalty program turns into one of many essential reward applications in Brazil, because the Firm additional strengthens its technique of deepening buyer engagement and enhancing model consciousness. We’re leaders in innovation and persistently search to raise our clients’ journey journey expertise whereas on the identical time rewarding them for his or her loyalty,” commented Alexandre Moshe, Common Supervisor at Decolar.

“This loyalty program brings collectively three strong manufacturers, with excessive experience in e-commerce and leaders of their respective sectors. It additionally provides additional worth to our portfolio of playing cards, providing clients, together with those that would not have a checking account, the unique advantages of Passaporte Decolar. We’re very excited with this initiative,” commented Rogerio Magno Panca, govt superintendent of Digital Playing cards and Funds – Santander Brazil.

“Along with Santander and Despegar, now we have deepened our concentrate on understanding the conduct and consumption patterns of the Brazilian vacationer and acknowledge customers who search actual experiences, with a extra linked and balanced life-style. This answer provides extra advantages that serve them, making the journey of those that journey extra full – whether or not for company or leisure journeys,” famous Fernando Pantaleão, VP & Head of Service provider Gross sales and Buying – Visa Brazil.

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About Despegar.com

Despegar is the main on-line journey firm in Latin America. With over 20 years of enterprise expertise and working in 20 international locations within the area, Despegar accompanies Latin American vacationers from the second they dream of taking a visit till they share their recollections of that journey. Due to the sturdy dedication to technological improvement and customer support, Despegar provides a custom-made expertise to greater than 18 million clients.

Despegar’s web sites and main cellular apps, provide merchandise from over 270 airways, greater than 512,000 lodging choices, in addition to roughly 1,190 automobile rental companies and roughly 326 vacation spot providers suppliers with greater than 5,690 actions all through Latin America. The Firm owns and operates two well-recognized manufacturers, Despegar, its international model, and Decolar, its Brazilian model. Despegar is traded on the New York Inventory Trade (NYSE: DESP). For extra data, please go to www.despegar.com.

About Banco Santander (Brasil) S.A.

Santander Brasil started its actions within the nation in 1982 and, by means of the merger and acquisition over 70 banks, constructed aggressive Wholesale and Retail operations. It’s a subsidiary of the Santander Group, the most important financial institution within the euro zone in market worth, with related presence in 10 key international locations in Europe and America. The one worldwide monetary establishment with a robust presence in Brazil, Santander has greater than 47,000 staff, over 3,800 branches and Banking Service Stations, roughly 37,000 self-service terminals, in addition to regional places of work to serve over 26 million energetic clients. Voted probably the most sustainable financial institution of the yr by the journal “Guia Exame de Sustentabilidade” in 2019, Santander Brasil seeks to advertise more and more inclusive and environmentally accountable companies.

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About Visa Inc.

Visa Inc. (NYSE: V) is the world’s chief in digital funds. Our mission is to attach the world by means of probably the most revolutionary, dependable and safe fee community – enabling people, companies and economies to thrive. Our superior international processing community, VisaNet, gives safe and dependable funds around the globe, and is able to dealing with greater than 65,000 transaction messages a second. The corporate’s relentless concentrate on innovation is a catalyst for the speedy development of digital commerce on any machine, for everybody, all over the place.  Because the world strikes from analog to digital, Visa is making use of our model, merchandise, individuals, community and scale to reshape the way forward for commerce. For extra data, go to About Visa, visa.com/weblog and @VisaNews.

Yuuma Nakamura

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