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Standard Chartered: Partnered with IATA to launch IATA Pay in India

Standard Chartered: Partnered with IATA to launch IATA Pay in India

  • Standard Chartered announced it has partnered with the IATA to launch IATA Pay in India
  • IATA (International Air Transport Association) represents some 290 airlines comprising 83% of global air traffic
  • IATA Pay, which is already available in several European markets, is an airline industry payment platform
  • The service leverages the Unified Payment Interface (UPI), a domestic real-time payments scheme in India
  • IATA Pay will be a new payment option that enables participating airlines to offer instant payment options
  • This new service will simplify the payment process for the consumers, streamline the collection and settlement process for airlines
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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