UATP, Paymagnet partner to provide contactless payments to airlines

UATP has partnered with contactless payment specialist, Paymagnet, to supply member airlines with the capability to accept contactless card payments directly within an airline´s mobile app on any NFC-enabled smartphone, the company said.

The company said the strategic alliance provides UATP merchants with Paymagnet´s anti-fraud approach to accept mobile in-app card payments tailored to the airline industry. The initial focus of the partnership will be to work with low cost carriers in Europe, where in some areas contactless payment penetration is up to 40-50 percent.

Paymagnet offers mobile NFC interface that allows merchants to accept payments from anywhere with a smartphone.

UATP is a global payment solution 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.