FinTech Magazine October 2024 | Page 128

UATP
UATP One is now in triple-digit growth , according to Ralph . The business line offers a comprehensive suite of payment processing solutions tailored specifically for the individual organisation , designed to reduce costs and complexity in payment processing .
“ We ’ re continuing to add airline customers globally . What ’ s unique about [ UATP One ] is that it ’ s got some automated smart technology so we can move data in a way that no one else does ,” he adds . “ It ’ s being well-adopted in the market .”
When it comes to the travel industry specifically , UATP is eager to differentiate itself by adding value to the services its travel partners offer . UATP is eager to keep costs low and focus on its customers , modifying its technology business to meet the needs of its customers based on their requirements .
“ What we try to do is provide fantastic service and quality and value to our customers ,” Ralph says . “ Other card networks have to maximise their bottom line to have a return for their shareholders . We ’ re not in the same boat – we sit in a very unique place within the travel vertical itself .
“ UATP as a payment network in travel has unique characteristics that no one else has . We ’ re a global closed-loop network which is generally accepted by all carriers . We are literally in every market where an airline ticket can be purchased .”
128 October 2024