UATP

Universal Air Travel Plan, (UATP) today announced a strategic partnership with paysafecard group to offer Cash-Ticket, a prepaid voucher that consumers may use to purchase flights online. The partnership enables airlines to integrate Cash-Ticket by utilizing existing airline UATP connections for processing Cash-Ticket transactions.

Ukash, an online cash payment solution, announced that it entered into an agreement with UATP to enable travelers to pay for their flights with cash online. The deal targets an audience of customers that are currently ‘unbanked’ or without credit or debit cards, as well as those that choose not to make purchases over the internet due to fears of online fraud and identity theft.

This week Universal Air Travel Plan, Inc. reported about a successful ending of 2008 calendar year with positive income and volume results. Being the low cost payment processing company Universal Air Travel Plan managed to process US$12 billion last year during the previous year with just 38 employees in the staff across the globe.