PayPal has partnered with Aon Singapore to offer free travel cancellation protection service to its Singapore users, its first in Asia-Pacific.
In cases when users are forced to cancel their trips, the service covers irrecoverable travel expenses capped at S$500 (US$368.90) a year. This applies to trip components including flight, car rental, hotel and Airbnb apartments, said Rahul Shinghal, general manager, PayPal South-east Asia.
Users need only to activate this free service once to have their eligible travel-related purchases made via PayPal be protected.
According to the Singapore’s Department of Statistics, nearly 9.5 million outbound departures were made by Singapore residents in 2016, a 71 per cent increase from a decade ago.
A similar initiative was launched successfully in Europe earlier this year, namely in France, Germany, Italy and Spain. Over 250,000 users have activated the service since its roll out, according to PayPal.