IATA appoints Standard Chartered as EasyPay service provider in India
International Air Transport Association (IATA) has appointed Standard Chartered Bank as one of its IATA EasyPay service providers in India enabling greater payment flexibility to travel agents.
IATA EasyPay is a new payment method which aids streamline payment
flows within the aviation ecosystem.
This new payment method based on ‘pay-as-you-go’ provides a secure alternative to traditional
Billing and Settlement Plan payment methods (cash or credit card) and is available to all the IATA
accredited agents in India.
With the client centric approach of simplified banking, the Bank has been
investing heavily in innovating and enhancing its digital capacities and this solution is a testament
of the Bank’s commitment.
Based on Application Program Interface (API), IATA’s EasyPay will identify the travels agents who
make the payments in a dedicated IATA EasyPay account with Standard Chartered Bank, India and
release the tickets to the agents in real time.
This option is a voluntary programme which for some agents may eliminate or reduce the need for issuing bank guarantee to secure the tickets and facilitate seamless settlement of funds.
