UATP Has Record-Breaking 2018
Records set across all Key Performance Indicators
WASHINGTON, Jan. 30, 2019 — UATP, the airline-owned payment network, is pleased to announce a multi-record-breaking year in 2018.
UATP’s Network Charge Volume grew 9% year-over-year marking an all-time charge volume high for the 83-year-old company. Transaction count increased 6% year-over-year breaking another record for UATP. Additionally, the Network’s Average Transaction Value ticked up 2.4% to USD 464.
“We are absolutely thrilled to report these record-breaking results. In addition to Charge Volume and Transaction count growth, UATP’s Alternative Payment Processing business also set a new record of 11% year-over-year growth,” said Ralph Kaiser, president and CEO, UATP. “We look forward to having another highly successful year in 2019.”
“UATP is positioning itself to continue to deliver innovative payment solutions for its stakeholders and customers.” Kaiser continued, “We have worked diligently to position the Network to achieve these excellent results and we expect them to continue. Our new strategic growth plan will allow our Network Charge Card and AFP Processing business lines to continue strong growth in 2019 and beyond.”
For more information, visit UATP.com.
To view the press release, click here.