Partnership extends UATP's widely accepted and
seamless payment options to Flocash travel agency
customers.
WASHINGTON, May 23, 2023
/PRNewswire/ -- Flocash, the leading provider of travel payments
and distribution in the Middle
East and Africa, has
partnered with UATP, a premier global payment network. Flocash's
partnership with UATP will enable the thousands of travel agencies
within its ecosystem to utilize UATP payment options, creating
synergies with airlines in the region already using Flocash and
UATP for B2B payments and reducing the overall cost of payments for
those airlines.
The expanded partnership with Flocash represents the next step
in UATP's continued global growth, specifically in the MEA
region.
For Flocash, which already works with UATP to process payments
on behalf of several airline merchants in Africa, enabling
many of its travel agency customers to use the UATP Network is a
natural extension of its payment services and will create
efficiencies that can directly and positively impact their
profitability.
"Flocash is one of the most reliable payment services providers
in the Middle East and
Africa, and expanding our
partnership with them was a key part of our regional growth
strategy," said UATP's SVP Commercial Zach Ornelas. Partnering with
Flocash allows travel agencies in their ecosystem to provide UATP
accounts for payment and helps them reduce complexity while
creating a more stable payment environment for the airlines and
companies that work with them - and to better serve their
customers."
Flocash has been authorized to issue UATP accounts – including
the UATP corporate charge card – to corporations and other
businesses that meet their portfolio requirements. Those entities
can use their UATP Accounts for payments to airlines, travel
agencies and rail networks worldwide. Flocash will enjoy lower
transaction and distribution costs, reduced fraud rates and access
to industry-leading financial data.
"By partnering with UATP, we give our travel agents a globally
recognized, universally accepted form of payment, and create a
linkage between our airline partners and the agencies selling their
inventory," says Flocash Managing Director, Sirak Mussie. "We expect to uncover efficiencies
and compound advantages across our ecosystem beyond transaction
cost reduction, which is very important."
Flocash is recognized as a cost-effective, one-stop payment
solution for global and cross-border businesses in the new media,
travel, payments and ecommerce industries seeking to reach markets
in the Middle East and
Africa. The company currently
supports the most extensive collection of local payment options in
the MEA region, including 200+ payment options, 5,000+ bank
branches, 20,000+ cash points and 30+ currencies.
For more information about the UATP and Flocash partnership or
to speak with company executives, please contact Wendy Ward,
UATP CMO, at wward@uatp.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 Account Holders 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; American Airlines
(NASDAQ: AAL); APG Airlines; Austrian Airlines; Avianca
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; High Point Travel; Japan Airlines (9201:JP); JetBlue Airways;
LATAM Airlines; Link Airways; Qantas Airways (QUBSF.PK); Shandong
Airlines; Sichuan Airlines; Southwest Airlines; Sun Country
Airlines; TUIfly GmbH; Turkish Airlines (ISE: THYAO); United
Airlines (NASDQAQ: UAL) and WestJet. AirPlus International issues
the UATP-based Company Account for Lufthansa German Airlines.
About Flocash
Flocash, www.flocash.com, is a leading provider of payment
technology and distribution services to consumers, businesses, and
financial institutions. We operate one of the largest networks of
alternative payment channels for the travel industry. Our solutions
are disrupting the travel sector by digitizing and automating the
delivery and distribution of travel content to empower travel
retailers and suppliers across 60 countries in the Middle East & Africa.
Follow us on Twitter @Flocash, join the discussion on LinkedIn
Travel Payments.
Flocash Communications Contact
Bereket
Getachew: bereket@flocash.com, +44 20 3287 6539
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SOURCE Universal Air Travel Plan, Inc. (UATP)