UATP Announces 2019 Third Quarter Results
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.”
To view the press release, click here.