FinTech Magazine October 2024 | Page 126

RALPH KAISER
UATP

“PAYMENT SHOULD BE TRANSPARENT IN A WAY THAT IT SHOULDN ’ T CREATE ANY FRICTION FOR A TRAVELLER ”

RALPH KAISER CEO , UATP a traditional card network is considered an alternative method of payment ,” Ralph explains . “ For many alternative payment methods , for example , with PayPal , when a traveller buys an airline ticket , there ’ s a high chance that it ’ s running on our network in the background . We just move the data between the airline and PayPal , which we have been doing since 2007 .”
More recently , UATP launched a merchant services platform called UATP One , where the company processes payment transactions of all kinds for merchants .
“ That business is something airlines have been asking us to do for quite a while ,” Ralph says . “ We launched it in earnest in 2022 coming out of the pandemic – not the best time to start a new line of business , but it ’ s grown beyond our expectations .”

RALPH KAISER

TITLE : CEO
INDUSTRY : FINANCIAL SERVICES
LOCATION : UNITED STATES
Ralph Kaiser is president , CEO and chairman of UATP . Appointed in 2003 , he has launched and led several important growth initiatives that have more than doubled network charge volume to more than US $ 20bn . Among these achievements is UATP ’ s products , which has lowered the barrier to entry for UATP ’ s Issuers and provided stateof-the-art data management tools to UATP customers . UATP also launched an innovative Alternative Form of Payment gateway as well as UATP One Merchant Services under Kaiser ’ s leadership .
126 October 2024