As exciting and fun as travelling can be, a stressful part of it is planning the expenses and scrounging up the necessary budget to make for a memorable trip.
If this sounds like a familiar pain point to you, BigPay‘s new feature might be able to help. Called the Save to Travel Stash, this feature enables users to automatically round up the spare change from each transaction to save up for your next getaway.
Zubin Rada Krishnan, CEO of BigPay said in a July 2 press release, “We are excited to introduce our first Save-Now-Spend-Later product in collaboration with the MOVE Digital ecosystem.”
You might recognise MOVE Digital, also known as just MOVE, by its former name of airasia Digital. For the uninitiated, BigPay is the fintech arm of AirAsia.
“With this new product, a BigPay customer can save money for their dream holiday in an effortless way by saving a little with every transaction until they hit their goal,” Zubin said. “This new Stash is one way we are helping our customers turn everyday transactions into extraordinary experiences.”
How to start saving
Enabling the Save to Travel Stash feature is pretty simple.
First, go onto the BigPay app and look for the stashes button under the explore page. From there, you just need to activate the feature. You can start by transferring some money from your main wallet.
You can also turn on round-ups to instantly save every time you spend. You can even add a booster to reach goals faster. Boosters essentially involve chipping in an extra few ringgit to the stash every time you make a transaction. Savings can be further maximised by scheduling transfers.
Until September 30, 2024, BigPay users who keep an average balance of RM1,000 over 30 days in their Save to Travel Stash will enjoy 1% cash rebate for any international spending with the BigPay card within Asia.
Those who activate the feature and add money into the Stash or spend with BigPay on AirAsia MOVE during the campaign period (from now until September 30) will be eligible for a lucky draw contest.
The contest is for a free trip to anywhere in Asia worth RM2,000 every month (terms and conditions apply).
According to a screenshot, it seems like when you Save to Travel, you can also enjoy additional exclusive MOVE deals.
With these additional perks, saving for trips will be further incentivised. This new product may point towards a collective effort to move consumer habits away from the “buy now, pay later” model to a more sustainable concept of “save now, spend later”.
Featured Image Credit: Vulcan Post
