2016 Press Releases
27 September 2016
UATP Partners With dLocal To Offer Its Network Of Local Payment Methods
Agreement with help fill in payment service gaps in under-served emerging markets
WASHINGTON, Sept. 27, 2016 /PRNewswire/ -- UATP announced today that the company has partnered with dLocal to offer local currency payment options to UATP's Airline Merchants. The partnership will focus on emerging market locales to fulfill the growing need for payment options.
"We're pleased to be partnering with UATP to support payment acceptance for Airline Merchants in emerging markets, such asLatin America, where we have a strong foothold," said Sebastian Kanovich, CEO, dLocal. "The airline industry is a great market to tap into and we look forward to improving the process of purchasing airfare and fulfilling customer demand for local currency payment options."
Emerging markets represent an untapped opportunity, both in terms of airline needs as well as the difficulty of finding local payment partners in these areas. Together, UATP, providing the technology platform, and dLocal will provide a solution for airlines expanding in these regions which have requirements to support local payment methods in order to best serve customers with specific demands, such as Credit Cards with installments and cash payment options."
"Working with dLocal was the clear choice to address the payment needs of our Airline Merchants," said Ralph Kaiser, President and CEO, UATP. "dLocal offers over 130 payment methods in its portfolio which will vastly expand the Network's options. Moreover, they are well-versed in integrating with the many payment methods in emerging markets and bring a great amount of knowledge for working in these particular regions."
dLocal is the only company to build a cutting-edge payments platform from the ground up specifically for emerging markets. Companies can integrate a single API and be up and running in 12 countries, accepting over 130 local payment methods, in a matter of just weeks. Once integrated, the platform handles all the tough work as most of dLocal's customers' conversions grow up to 40%, and ultimately, garner new revenue by reaching over a billion emerging customers.
For more information, visit UATP.com or dlocal.com