The partnership gives UATP’s network of airlines full stack, modular payment solutions
UATP is proud to announce its new partnership with Nuvei, 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.”