The partnership focuses on reducing the cost of acceptance
for travel payments
WASHINGTON, April 21,
2022 /PRNewswire/ -- UATP and Mystifly announced a
strategic partnership in which UATP will be integrated into
MystiPay, an airline payment solution from Mystifly. The
partnership focuses on reducing the cost of acceptance for travel
payments.
"We recognize that the airline distribution and payments
landscape is complex," stated Rajeev
Kumar, CEO and MD, Mystifly. "Through MystiPay, and with
UATP as the scheme, we want to offer a profitable and secure
payment solution that unlocks new revenue streams and better
rebates, while lowering the cost of acceptance. We take great pride
in partnering with UATP as both businesses share a common vision to
provide a better payment opportunity for all. We look forward to
maximizing the value of this partnership."
Today, Mystifly is one of the largest global B2B airfare
aggregators backed by its strong travel technology vision. Mystifly
offers search and retailing, order management, revenue and channel
management, ancillary sales, multi-currency payment wallet and
automated post booking management processes through their
technology SaaS platform. Mystifly's model is to merge the gaps
between aggregation, distribution, fulfilment and payments and
settlements.
UATP President and CEO Ralph
Kaiser commented, "Mystify continues to grow as a travel
tech leader. Becoming an Issuer will enhance supplier relations and
increase spending power. Mystifly will help save the industry money
by utilizing UATP in its supplier relationships."
For more information, visit UATP.com or Mystifly.com.
ABOUT UATP
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. 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 a form of payment for corporate 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 Travel; China
Eastern Airlines (NYSE: CEA); Delta Air Lines (NYSE: DAL); EL AL
Israel Airlines; Etihad Airways; Fareportal; Frontier Airlines; GOL
Linhas aereas inteligentes S.A. (NYSE: GOL and Bovespa: GOLL4);
Hahn Air; Hight Point Travel; Japan Airlines (9201:JP); JetBlue
Airways; Qantas Airways (QUBSF.PK); Shandong Airlines; Sichuan
Airlines; Southwest Airlines; Sun Country Airlines; TUIfly GmbH;
Turkish Airlines (ISE:THYAO); United Airlines (NYSE: UAL) and
WestJet.
AirPlus International issues the UATP-based Company Account for
Lufthansa German Airlines.
About Mystifly:
Mystifly is a travel tech leader in airline retailing envisioned
to bring a positive difference in the experience of the travelers
and how 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 a NDC Level 4 Aggregator,
Mystifly offers NDC-aligned tech stacks for businesses of every
size. Founded in 2009, Mystifly unifies distribution, fulfilment
and payments on a single platform that allows search, ticket,
ancillary sales, post-booking services and payment for over 700
airlines including 180 LCCs, NDC and Non-NDC Airlines. Mystifly's
suite of products empowers over 3000 clients globally.
Contact:
UATP Corporate Communications
Wendy Ward, wward@uatp.com
+1 202 250 4665
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SOURCE Universal Air Travel Plan, Inc. (UATP)