Lotte Cinema is now using Fundiin’s buy-now-pay-later service in Vietnam, so that movie fans can enjoy paying later for cinema tickets only at Lotte Cinema. Based on this partnership, Fundiin offers zero-cost pay-later payment options, either in 30 days or three-monthly installments, for customers of Lotte Cinema, one of the largest cinema chains in Vietnam, with more than 40 cinema cineplexes nationwide.
By providing a BNPL payment method, Fundiin enables partners to boost sales effectively. Particularly, Fundiin's BNPL helps merchant partners increase conversion rate and especially average order value, two times higher compared to the AOV of e-wallet methods.
"With the mission of providing financial freedom, we are proud to partner with Lotte Cinema and take one step further in bringing value to young consumers in managing their budgets easier and more efficiently," said Funsiin CEO Nguyen Anh Cuong.
"The collaboration with Fundiin has created an opportunity for Lotte Cinema to accomplish our mission, which is provide the true and lively cinema entertainment and bring it closer to the public, establishing a strong connection between Lotte Cinema and our customers,” said Lotte Cinema general manager Le Thi Tham. “This allows us to not only deliver high-quality cinematic experiences but also introduce a new spending habit in the digital technology era."