22 July 2017
visit www.avoka.com

Trustly nabs UATP account for air fare payments

02 March 2017  |  3627 views  |  0 Source: Trustly

UATP announced today that it is partnering with the Swedish FinTech company Trustly, enabling airlines to easily accept instant online bank payments for ticket purchases across Europe.

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.

"Trustly is delighted to partner with UATP to offer airlines a leading European bank payments option," said Oscar Berglund, CEO at Trustly. "In response to customer demand, Trustly allows travellers to pay directly from their bank accounts. It is simple and secure which helps drive conversion rates and reduce booking abandonment."

"This partnership will help UATP's member airlines gain a competitive edge by giving travellers access to a widely preferred payment method in Europe," said President and CEO, Ralph Kaiser of UATP. "Trustly currently covers 29 countries and is connected to more than 190 banks. Because of their broad reach with banks across Europe, airlines in this region will be the focus of the UATP/Trustly partnership."

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.finastra.comvisit www.ncr.com

Top topics

Most viewed Most shared
German fintech factory FinLeap raises EUR39 millionGerman fintech factory FinLeap raises EUR3...
13465 views comments | 19 tweets | 15 linkedin
Mastercard to buy AI outfit BrighterionMastercard to buy AI outfit Brighterion
9686 views comments | 14 tweets | 20 linkedin
Barclays rides payments-as-a-service wave with investment in Form3Barclays rides payments-as-a-service wave...
8683 views comments | 16 tweets | 12 linkedin
hands typing furiouslyThe Digital Trade Chain: the blockchain tr...
8266 views 0 | 8 tweets | 16 linkedin
Mastercard and Scotiabank join Enterprise Ethereum AllianceMastercard and Scotiabank join Enterprise...
7178 views comments | 25 tweets | 15 linkedin

Featured job

£100-120K Basic dependent on experience plus subst...
London

Find your next job