UATP is partnering with the Swedish FinTech company, Trustly, to enable airlines to easily accept instant online bank payments for ticket purchases across Europe, the company said.
The partnership between UATP and Trustly gives travellers the flexibility to purchase airfares using their preferred bank account, directly from an airline´s booking platform. This new service lowers the airline´s cost of distribution, eliminates fraud risk and limits chargeback risk for airlines, and ultimately simplifies airlines direct selling proposition.
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. It connects airlines to alternative forms of payment which can expand reach and generate incremental sales globally. Easy-to-use data tools, DataStream and DataMine, provide comprehensive account details to issuers and corporate subscribers for accurate travel management.
Trustly Group AB is a Swedish FinTech company that makes online banking e-payments fast, simple and secure. The company offers cross-border payments to and from consumer bank accounts at 190 banks in 29 European markets, and connects businesses and consumers within e-commerce, travel, gaming and financial services. The company has 150 employees and is headquartered in Stockholm, Sweden, with regional offices in Spain, Malta, Germany and the UK.