Going cashless: Jet Airways offers EMI option to purchase tickets

With people going through hardship across the country due to cash crunch in the wake of Government's demonetisation move, domestic carrier Jet Airways has offered its customers the facility of staggered payments for bookings its flights.

The Mumbai-headquartered private airline has tied up with leading banks including Axis Bank, HSBC Bank, ICICI Bank, Kotak Mahindra Bank, among others, to offer EMI payments at the time of bookings, a release said today.

"India is currently witnessing a digital and financial revolution with young, digitally savvy consumers increasingly opting to use payment options such as EMIs and credit cards. We are confident our guests will take to this solution with gusto, allowing them to plan their expenses when they fly with us," Jayaraj Shanmugam, Chief Commercial Officer, Jet Airways said.

The airline said its website and mobile App would now offer attractive Equated Monthly Instalment (EMI) payment options at the time of booking for India-issued credit card holders of Axis Bank, HSBC Bank, ICICI Bank, IndusInd Bank, Kotak Mahindra Bank, and Standard Chartered Bank .

The customers of the credit card holders of these banks can avail attractive options of making payments in Equated EMIs of 3, 6, 9 and 12 months, at the time of booking itself, the release said.

With rising smartphone penetration and increased broadband and Wi-Fi access, a growing number of Indian consumers are already using their credit cards on websites and mobile applications to make online purchases via EMIs, it added.

The six banks with whom Jet Airways has partnered for this solution account for over one-third of all credit cards issued in the country, as per RBI data, the airline said.