UATP has partnered with Affirm to provide technology that will allow airlines customers to purchase airfare in flexible installments without a credit card, the company said.
The company said the partnership builds upon UATP´s payment technology platform providing speed to market for the Affirm product.
Affirm is paid directly by the customer and settles the full amount with UATP´s airline members. Affirm also takes on a significant portion of the repayment and fraud risk.
UATP is a global payment solution owned and operated by the world´s airlines and accepted by merchants for air, rail and travel agency payments.
Affirm is a financial services company that flexibility to customers to buy and make payments in monthly installments.