“Can an Indonesia-born OTA become a full-stack, locally-adapted travel booking platform for all of Asia Pacific by embedding payments, insurance, and multi-currency support directly into the booking flow?”
Founded in 2011 as a Southeast Asia-focused flight booking platform, Airpaz began commercial operations in 2014 and gradually expanded into a comprehensive OTA covering hotels, travel bundles, and travel protection. By partnering with Stripe for global payment processing and Cover Genius for embedded travel insurance, Airpaz shifted from a regional flight aggregator into a multi-product travel platform serving 57 currencies and 37 languages across Asia Pacific and beyond.
Airpaz uses Stripe for FX and cross-border payouts.
Airpaz's embedded insurance is provided by Covergenius.
The Embedded Finance Index 2026 maps 4 layers in Airpaz's stack: Payments / PSP (Stripe and PayPal); Lending (PayPal Pay in 4 (0% interest installments for USD 30–1,500 bookings)); Insurance (Covergenius); FX & payouts (Stripe).
Airpaz is founded in 2011 and headquartered in Indonesia.
Get a read on where your own stack stands against Airpaz and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.