WASHINGTON, March 17, 2021 /PRNewswire/ -- UATP is proud
to announce its new partnership with Nuvei (TSX: NVEI and
NVEI.U), the global payment technology partner of thriving brands,
to begin offering full payment service provider (PSP) services. As
part of its ongoing effort to expand its offerings to airlines,
UATP partnered with Nuvei to help airlines optimize payment
processing, enrich the client experience and help lower transaction
costs.
"UATP's primary goal has always been to increase acceptance
rates while reducing the costs for our network, and to solve the
airline industry's diverse payment needs. Offering a comprehensive
fintech stack will help meet the airlines' requirements, all within
the UATP framework," said Ralph
Kaiser, president and CEO, UATP. "The industry has changed
tremendously in the past year and UATP will continue to seek out
the best solutions for airlines. This new partnership makes it
easier for airlines to fulfill their payment strategies, with UATP
as their trusted provider."
The partnership enables UATP to provide such products as payment
gateway services, acquiring connectivity, local and alternative
payment methods, transaction optimization, reconciliation, and
other flexible and effective services to protect cash flow for
UATP's network of global airlines.
"We are excited to join forces with UATP in order to fuel its
growth ambitions and to provide its network of airlines with a
powerful technology stack, enabling them to meet customer demands
while maximizing every payment opportunity," said Philip Fayer, Nuvei's chairman and CEO. "We're
confident for the future of the travel industry and are looking
forward to our partnership with such an influential organization to
help lead the rebound."
About UATP
UATP is a global payment network owned and operated by the
world's airlines and accepted by thousands of merchants for air,
rail and travel agency payments. UATP connects airlines to
Alternative Forms of Payment which can expand reach and generate
incremental sales globally. UATP offers easy-to-use data tools,
DataStream® and DataMine®, which provide comprehensive account
details to Issuers and corporate travel buyers for accurate travel
management.
Accepted as a form of payment for corporate business travel
worldwide by airlines, travel agencies and Amtrak®; UATP accounts
are issued by: Aeromexico; Air Canada (TSE:AC); Air China; Air New
Zealand (ANZFF.PK); Air Niugini; Air Serbia; American Airlines
(NASDAQ: AAL); APG Airlines; Austrian Airlines; BCD Travel;
China Eastern Airlines (NYSE: CEA); Delta Air Lines
(NYSE: DAL); EL AL Israel Airlines; Etihad Airways;
Fareportal; Frontier Airlines; GOL Linhas aereas inteligentes S.A.
(NYSE: GOL and Bovespa: GOLL4); Hahn Air; High Point;
Japan Airlines (9201:JP); JetBlue Airways; Qantas Airways
(QUBSF.PK); Shandong Airlines; Sichuan Airlines; Southwest
Airlines; Sun Country Airlines; TUIfly GmbH; Turkish Airlines
(ISE:THYAO); United Airlines (NASDAQ: UAL) and WestJet.
AirPlus International issues the UATP-based Company Account for
Lufthansa German Airlines.
About Nuvei
We are Nuvei (TSX: NVEI and NVEI.U), the global payment
technology partner of thriving brands. We provide the intelligence
and technology businesses need to succeed locally and globally,
through one integration – propelling them further, faster. Uniting
payment technology and consulting, we help businesses remove
payment barriers, optimize operating costs and increase acceptance
rates. Our proprietary platform offers direct connections to all
major payment card schemes in over 200 markets worldwide, supports
455 local and alternative payment methods and nearly 150
currencies. Our purpose is to make our world a local
marketplace.
For more information, visit www.nuvei.com.
Contact:
UATP
Wendy L. Ward
wward@uatp.com
Nuvei Investor Relations
IR@nuvei.com
Nuvei Public Relations
PR@nuvei.com
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SOURCE Universal Air Travel Plan, Inc.