The results illustrate UATP’s continuous quarter over quarter growth
WASHINGTON, Oct. 17, 2019 /PRNewswire/ — UATP, the airline-owned payment network, announced today its third quarter financial results.
“UATP’s growth continues to impress our Network members as the year progresses; we have had another very strong quarter,” said Ralph Kaiser, president and CEO, UATP.
UATP’s Transaction Count increased 14% year-over-year, a 2% growth from second quarter. The Average Transaction Value reduced 11%; however, the overall Network Charge Volume grew 2%, an additional 1% from the previous quarter.
“We are thrilled with our growing Alternative Payment Processing business which has grown 19% year-over-year, an increase of 5% from the previous quarter,” Kaiser continued. “These achievements are the result of UATP’s hardworking employees and incredible partnerships. We expect 2019 to be another stellar year for UATP.”