GOL Linhas Aereas Inteligentes S.A. (GOL) announced that it has become the first airline in Latin America to issue UATP accounts with the launch of its new GOL Corporate Card to business customers.
Accepted by more than 250 associated airlines, representing over 95% of all passenger air travel capacity worldwide, UATP is designed to lower the cost of sale by reducing or eliminating credit card transaction fees to airlines. Travel agencies also benefit through UATP due to lower credit card merchant service fees and the ability to automatically reconcile ticket numbers to service fees via UATP's travel agency merchant program.
For corporations, the network provides a simple and direct payment method which unlike other forms of payment, allows them to avoid foreign currency conversion fees, annual fees and per card fees. All UATP subscribers enjoy robust transactional data on all air travel purchases.
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