In the present study, we construct a new Banach series space \(\left| \tilde{C}_{\phi }\right| _{p}\) by using the concept of absolute Catalan summability \(\left| \tilde{C},\phi _{n}\right| _{p}\) which is derived by the infinite regular matrix of the fascinating Catalan numbers. We establish that this space is linearly isomorphic to the classical space \(\ell _{p}\) for \(p\ge 1\) . Moreover, we determine the \(\alpha \) - \(,\beta \) - and \(\gamma \) - duals of this space and construct Schauder basis for the series space \(\left| \tilde{C}_{\phi }\right| _{p}.\) The study concludes with a complete characterization of the matrix transformation classes \(\left( \left| \tilde{C}_{\phi }\right| _{p},X\right) \) and \(\left( X,\left| \tilde{C}_{\phi }\right| _{p}\right) ,\) where X is any of classical sequence spaces \(\ell _{\infty },\) c, \(c_{0}\) and \(\ell _{1}.\)