Mastercard (NYSE: MA) and WestJet announce the long-term extension of their partnership agreement, expanding beyond powering transactions by “innovating the travel and purchasing experience for customers while always prioritizing security and trust.”
The deepening of the partnership showcases “the progression of each companies’ evolution in recent years and this new extension will include WestJet leveraging Mastercard’s products and solutions in analytics, payments technology and loyalty, while continuing to deliver unprecedented choice, flexibility and convenience to WestJet Mastercard cardholders.”
Sasha Krstic, President, Mastercard, Canada, said:
“Providing access to unforgettable Priceless® experiences is part of our ethos at Mastercard, and by putting guests and people first, WestJet shares our vision, making them an incredible partner. The extension of this long-term partnership will enable people to connect with their passions, while delivering unparalleled value and a frictionless experience to cardholders.”
WestJet Group Executive Vice President and Chief Commercial Officer, John Weatherill said:
“WestJet is proud to extend our longstanding relationship with Mastercard, further enabling Canadians to save money on travel and explore the many destinations across our growing network. Through our shared values with Mastercard and commitment to cardholders, our renewed partnership ensures Canadians can continue to prioritize what matters most to them when it come to their travel needs and make the most out of their journey with WestJet.”
The renewed partnership comes at “a time when Canadians’ desire to travel continues to rise.”
According to the Mastercard Economics Institute’s annual travel report, Travel Industry Trends 2023, flight bookings around the world “have shown an impressive 33 per cent year-over-year growth.”
This was matched with leisure flight bookings in Canada “rising by over 45 per cent in 2023 compared to the same period in 2022.”
The WestJet RBC Mastercard® and the WestJet RBC World Elite® Mastercard® will continue to be the WestJet travel “rewards credit cards, providing incredible value to Canadians.”
For more details on this announcement, check here.