UATP Unveils Innovative Settlement Solution for Indian Airlines
UATP Launches Innovative Payment Solution in India
On October 29, 2025, UATP, a global leader in payment solutions, announced a significant breakthrough in the Indian market. The launch of a new settlement solution allows airlines and other ticketing organizations to process payments in Indian Rupees (INR), thereby facilitating a more efficient transaction process for both merchants and consumers. This innovative move positions UATP as a pioneer in offering a specialized payment solution tailored to the needs of India's travel industry.
Overview of the Solution
UATP's new offering, officially known as UATP India Private Limited (UIPL), represents a landmark achievement in the realm of travel payments. In collaboration with licensed fintech companies in India, UATP has developed a seamless platform that allows contractors and consumers using UATP accounts to finalize air ticket purchases in local currency. This localization is crucial for enhancing cash flow and operational efficiency for airlines operating within the growing Indian travel market.
According to Ralph Kaiser, CEO of UATP, the ability to settle transactions in INR is a game-changer, particularly as the air travel sector continues to expand in India. “This capability directly benefits our partners doing business in India,