UATP, the global network that enables organizations to simplify payment processes to expand their payment capabilities, has partnered withย fintechย companies (licensed in India) to launch a new settlement solution. Through this partnership, contractors with customers using UATP accounts will be able to settle air ticket purchases in Indian Rupees (INR), enabling ticketors like airlines to be funded in the INR currency.
UATP, which is officially incorporated in India as UATP India Private Limited (UIPL), is the first and only global payment network to facilitate settlement of this kind.
Travel Payments Opportunity in India
The opportunity for travel payments on the subcontinent is substantial. By FY2030, the overall travel market in India is set to reachย $97 billionย at 9% CAGR, and the corporate travel market is projected to double to $20.8 billion on a CAGR of 10.1%. For airlines and travel brands operating โ or planning to expand into โ this region, the ability to settle in local currency is a significant efficiency and competitive advantage.
“Settling transactions inย INR is a key capability that directly and immediately benefits our partners doing business in India,” said Ralph Kaiser, CEO of UATP. “Airlines that pursue flexibility, stability, and effective cost management in their Indian payment strategies can position themselves for sustainable success in the world’s fourth-largest aviation market, and local currency settlement is a huge part of that.”
UATP’s INR solution was activated in October 2025. The launch follows the incorporation in India of UATP India Private Ltd. and its establishment of an office in Mumbai. The INR solution is just the beginning of the product options that will soon be available for widespread use.
To learn more aboutย UATP’s latest offering and its presence in India, or to arrange an interview with UATP, please contactย [email protected]ย or visitย www.uatp.com.
To view the press release, click here.
