UATP has partnered with payment processing platform, Planet Payment to give airline merchants access to a wider portfolio of alternative forms of payment, the company said.
The company said Planet Payment´s international payment platform will allow airline merchants to gain greater access to critical markets, such as China, where outbound travel spend is expected to reach USD255.4 billion by 2025. The company said it expects to accept UnionPay debit cards by the end of 2016.
Planet Payment provides international payment, transaction and multi-currency processing services. The US-based company will focus on bringing international AFPs to airline merchants.
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.
Planet Payment is a provider of international payment processing and multi-currency processing services, offering services in 22 countries and territories across the Asia Pacific region, North America, the Middle East, Africa and Europe, primarily through our 75 acquiring bank and processor customers.