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IATA Pay launching in India
Saturday, 24 Feb, 2022
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The International Air Transport Association (IATA) will launch a payment platform for airline industry in India in collaboration with banking group Standard Chartered.
Already available in Europe, it uses the Unified Payment Interface real-time payments scheme allowing customers to instantly pay for tickets through their bank accounts. IATA Pay in India is powered by Standard Chartered’s Straight2Bank Pay.
IATA Pay will be a cost-effective alternative to conventional payment methods and streamline the settlement process, IATA says.
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