Partnership focuses on reducing the cost of accepting travel payments
WASHINGTON, April 21, 2022 /PRNewswire/ — UATP and Mystifly have announced a strategic partnership in which UATP will be integrated with MystiPay, an airline payment solution from Mystifly. The partnership focuses on reducing the cost of accepting travel payments.
“We recognize that the airline distribution and payment landscape is complex,” said Rajeev Kumar, CEO and MD, Mystifly. “Through MystiPay, and with UATP as our system, we want to offer a cost-effective and secure payment solution that unlocks new revenue streams and better discounts, while reducing the cost of acceptance. We are very proud to partner with UATP because both companies share a common vision to provide a better payment opportunity for everyone. We look forward to maximizing the value of this partnership.”
Today, Mystifly is one of the world’s largest B2B airfare aggregators, backed by its strong vision of travel technology. Mystifly offers search and retail, order management, revenue and channel management, ancillary sales, multi-currency payment wallet, and automated post-booking management processes through its SaaS technology platform. Mystifly’s model is to merge the gaps between aggregation, distribution, execution and payments and settlements.
President and CEO of UATP Ralph Kaiser commented: “Mystify continues to grow as a leader in travel technology. Becoming an issuer will improve supplier relationships and increase buying power. Mystify will help the industry save money by using the UATP in its relations with suppliers.”
UATP is a global payment solution owned and operated by airlines worldwide and accepted by thousands of merchants for air, rail and travel agency payments. UATP connects airlines to alternative payment methods that can extend their reach and drive incremental sales globally. UATP offers easy-to-use data tools, DataStream℠ and DataMine℠, which provide comprehensive account details to issuers and corporate subscribers for accurate travel management.
Accepted as payment for business travel worldwide by airlines, travel agencies and Amtrak®; UATP accounts are issued by: Aeromexico; Air Canada (TSE: AC); Air China; Air New Zealand (ANZFF.PK); Air Niugini; Air Serbia; American Airlines (NASDAQ: AAL); APG Airlines; Austrian airlines; BCD trip; China Eastern Airlines (NYSE:CEA); Delta Air Lines (NYSE:DAL); EL AL Israel Airlines; Etihad Airways; Far report; Border Airlines; GOL Linhas aereas inteligentes SA (NYSE: GOL and Bovespa: GOLL4); Hahn Air; Height travel; Japan Airlines (9201: JP); JetBlue Airways; Qantas Airways (QUBSF.PK); Shandong Airlines; Sichuan airlines; South West Airlines; Sun Country Airlines; TUIfly GmbH; Turkish Airlines (ISE: THYAO); United Airlines (NYSE: UAL) and WestJet.
AirPlus International issues the UATP corporate account for Lufthansa German Airlines.
Mystifly is a travel technology leader in airline retail, designed to make a positive difference in the traveler experience and the way air travel is sold. Mystifly is the new operating system for existing or new businesses to start or grow their travel business globally. Certified by IATA as an NDC Tier 4 Aggregator, Mystifly offers NDC-aligned technology stacks for businesses of all sizes. Founded in 2009, Mystifly unifies distribution, fulfillment and payments on a single platform that enables search, tickets, ancillary sales, post-booking services and payment for over 700 airlines, including 180 LCC, NDC and non-NDC airlines. The Mystifly product suite empowers over 3000 customers worldwide.
UATP Corporate Communications
Wendy Ward, [email protected]
+1 202 250 4665
SOURCE Universal Air Travel Plan, Inc. (UATP)