UATP is a global travel payment network that helps airlines,
travel agencies and rail companies accept virtually any form of payment, enabling
them to drive growth and serve new markets.
The
company also helps its partners understand how to create an effective payments
strategy and how to use it to drive broader objectives, such as reducing costs.
“Traditionally
the airline industry is a low-margin business,” said UATP president and CEO
Ralph Kaiser.
“So taking out 1 or 2% from your payment optimization
processes is very important to the bottom line.”
In a discussion in the PhocusWire studio at The Phocuswright
Conference, Kaiser explained how payments can also be used as a tool to drive
incentives and loyalty and why a personalized, market-focused strategy is
critical.
And as the company looks ahead to 2024, Kaiser shared his
take on some of the ways he expects technology to continue to streamline payments processes and make the travel experience better for consumers.
Watch the full discussion with PhocusWire editor in chief
Mitra Sorrells below.
Brought to you by UATP