Categories: Business

Standard Chartered tie up with IATA for payment platform for airline industry

Global banking group Standard Chartered has partnered with the International Air Transport Association (IATA) to launch a payment platform for the airline industry in India. IATA Pay will be a new payment option that enables participating airlines to offer instant payment options such as UPI Scan and Pay and UPI Collect (Request to Pay). Standard Chartered will be supporting the rollout of IATA Pay in other markets as well.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

IATA Pay in India is powered by Standard Chartered’s Straight2Bank Pay, a payment platform that helps online merchants digitalise collections via multiple payment options through single global connectivity.

Important takeaways for all competitive exams:

  • Standard Chartered CEO: Bill Winters (10 Jun 2015–);
  • Standard Chartered Founded: 1969, London, United Kingdom.
  • International Air Transport Association Headquarters: Montreal, Canada;
  • International Air Transport Association DG: Willie Walsh;
  • International Air Transport Association Founded: 19 April 1945, Havana, Cuba.

Find More Business News Here

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Recent Posts

IPL 2026: Full Schedule, Teams, Format and Venues Explained

The Indian Premier League (IPL) is one of the most exciting cricket tournaments in the…

4 hours ago

IIM Ahmedabad Launches Krishnamurthy Tandon School of AI with ₹100 Crore Endowment

Major boost to India's education and technology ecosystem the Indian Institute of Management Ahmedabad has…

6 hours ago

UV Index Explained: The Hidden Health Risk Rising in India

India and Indian sub continent faces the longer summers and rising temperatures in that an…

6 hours ago

Balendra Shah Sworn In As Nepal’s Youngest PM After Historic ELection Mandate

Balendra Shah who is popularly known as 'Balen' was sworn as the country's 47th Prime…

6 hours ago

Nokia India Leadership Change 2026: Focus on AI, Cloud and 5G Expansion

To strengthen the footprint in India Nokia has appointed Samar Mittal as India Country Business…

7 hours ago

Where is the Bab-el-Mandeb Strait Located?

The Bab-el-Mandeb Strait is one of the most important waterways in the world. It connects…

7 hours ago