UATP enables Copa Airlines to enhance security
and provide more payment options to travelers with the addition of
Paysafe's solutions
WASHINGTON, Dec. 18,
2024 /PRNewswire/ -- Panama's leading airline, Copa Airlines, has
partnered with UATP, the renowned global network enabling
organizations to simplify payment processes. The partnership will
integrate with Paysafe, a leading payments platform, through its
SafetyPay solution, into Copa Airlines' payment offerings at
Copa.com, enabling online cash payments, bank transfers, PIX
instant payments and cross-border transactions for consumers
worldwide.
Like other high-growth airlines, Copa Airlines finds its direct
booking channel to be its strongest revenue source. Yet, its
intricate digital payment infrastructure would benefit from
integrating new payment methods, including alternative forms of
payment (AFPs) such as Paysafe's SafetyPay. To fortify its
expansion strategy, Copa sought a partner capable of quickly
integrating these new payment options for its passengers.
Copa Airlines selected UATP as a partner for its rapid
integration capabilities and deep industry expertise. By accepting
AFPs through the UATP Network, Copa Airlines not only gains access
to UATP's vast network of AFPs but also capitalizes on the rising
demand for alternative payments, which saw a global volume of $19
trillion in 2022, fueling its business growth.
"Being able to offer payment methods like online cash, bank
transfers and cross-border transactions, which enhances customer
confidence in their transactions, is critical," says Alicia Racine, Merchandising and Ancillary
Revenue Manager of Copa Airlines. "Paysafe's SafetyPay not only
ensures heightened security for our customers but also offers us a
streamlined approach to integrating alternative payment methods
into our booking process, maximizing conversions."
The UATP Network: Streamlining Airline Payments with Global
Reach and Efficiency
Airlines can instantly access UATP's extensive global AFP
portfolio through a single integration with the UATP Network,
enabling market speed and facilitating new market entry. UATP
further simplifies airline operations with daily reconciliation for
more efficient billing statement reviews and automated refunds,
eliminating the need for manual transaction reconciliations.
"Our partnership with Copa Airlines to launch SafetyPay is a
great example of airlines' trust in UATP's expertise in processing
AFPs, an essential part of their business strategy," says
Zach Ornelas, Senior Vice President
of Commercial, UATP. "We have a proven track record of
integrating alternative forms of payment into complex
legacy systems for the global travel industry. Airlines know and
trust us with these critical processes in their direct
channel."
By leveraging the UATP Network to add additional payment methods
such as SafetyPay, Copa Airlines will be able to expand its client
reach and increase sales.
Paysafe's SafetyPay: enabling merchants to offer
multicurrency and cross-border payments
SafetyPay, a Paysafe Company, offers a secure online or digital
cash payment solution that lets shoppers make internet purchases
either directly from their online bank accounts in real-time with
their local currency or by paying in cash at partner local
retailers using a code. The payment methods are free for consumers
and easy to use. This broadens the payment choices for airline
customers who are hesitant to enter financial data or use credit
cards when purchasing their travel or simply prefer paying via bank
transfers or cash. SafetyPay currently serves millions of
international shoppers in the emerging Latin American
market, including Brazil,
Chile, Colombia, Ecuador, Peru, Costa
Rica, Mexico, El Salvador, Panama and Guatemala.
For more information about the UATP and COPA Airlines
partnership to implement Paysafe's SafetyPay or to speak with
company executives, please contact Wendy
Ward at wendy.ward@uatp.com.
ABOUT UATP
UATP is the global network simplifying payments in complex
industries. We make it easy for businesses to make or accept any
type of payment; open new markets, drive growth and reduce costs
for Issuers, Merchants, vendors, agents, aggregators and more. UATP
is continually innovating to connect companies to new forms of
payment (AFPs), and our easy-to-use data tools, DataStream®
and DataMine®, provide comprehensive account details to
Issuers and Corporate Account Holders. Our team has decades of
experience with the ever-changing payments landscape, and our
reliable and proven technology ensures our global customers get
more from every payments experience. Learn more at
www.uatp.com.
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; AirPlus International a wholly
owned subsidiary of SEB Kort; 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.
ABOUT COPA AIRLINES
Copa Airlines, a subsidiary of Copa Holdings, is a leading
airline in passengers and cargo in Latin
America. In its 76 years of operation, it has established
the Hub of the Americas® in Panama City as the continent's premier
operational center. With one of the newest and most modern fleets
in the industry, consisting of Boeing 737-800 NG and Boeing 737
MAX9 aircraft, Copa Airlines serves countries in North America, Central America, South America, and the Caribbean. The airline maintains an on-time
performance rate of around 90%, among the best in the global
industry. Copa Airlines is a member of the Star Alliance, the
world's most significant airline network, and offers the
ConnectMiles frequent traveler program, allowing accumulation and
redemption of miles across more than 25 alliance airlines
worldwide. To plan your trip, manage reservations, purchase tickets
securely, use Web Check-in, and find information on travel policies
and immigration requirements, please visit www.copa.com.
ABOUT PAYSAFE
Paysafe Limited ("Paysafe") (NYSE: PSFE) (PSFE.WS) is a leading
payments platform with an extensive track record of serving
merchants and consumers in the global entertainment sectors. Its
core purpose is to enable businesses and consumers to connect and
transact seamlessly through industry-leading capabilities in
payment processing, digital wallet, and online cash solutions. With
over 20 years of online payment experience, an annualized
transactional volume of $140 billion
in 2023, and approximately 3,200 employees located in 12+
countries, Paysafe connects businesses and consumers across 260
payment types in over 40 currencies around the world. Delivered
through an integrated platform, Paysafe solutions are geared toward
mobile-initiated transactions, real-time analytics and the
convergence between brick-and-mortar and online payments. Further
information is available at www.paysafe.com.
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SOURCE UATP