Aeromexico is the newest airline to become an issuer of the UATP network with the aim of boosting its penetration of the corporate travel market, expanding its global presence and reducing its credit card costs.
The Mexican carrier becomes the second carrier in Latin America after Brazil's Gol to issue its own branded UATP corporate credit card. This year alone six carriers have chosen UATP's programme, which chief executive Ralph Kaiser described as a "plug and play" way of developing a corporate payment system with no upfront cost.
"We're more about solving payment problems than about the traditional corporate card product," he said. It has built an invoicing system that is given to carriers to help manage the programme. "It is a self-pay system with no investment that is paid for out of incremental revenue."
Aeromexico will be able to use the UATP product to capture corporate travel market share and to reduce credit card fees. These fees can be from 3-5% of the ticket price on some corporate credit cards. UATP Issuers pay no credit card fees when a customer buys a ticket using the airline's UATP card.
Aeromexico will utilise UATP's data tools, DataStream, DataMine and DataView to complete its corporate programme, creating a comprehensive reporting and data information overview.
Source: Air Transport Intelligence news
