UATP, the airline-owned payment network, has reported a 1% year-over-year increase in its network charge volume in the second quarter 2019, the company said.
UATP said Average Transaction Value dropped 10% to USD 430 per ticket; however, UATP´s Transaction Count increased 12% year-over-year.
In addition to the strong Transaction Count this quarter, UATP´s Alternative Payment Processing business has increased 14% year-over-year.
UATP is 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.