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Who has been partnered with the International Air Transport Association (IATA) to launch a payment platform for the airline industry in India?
A)
RHB Bank
B)
United Overseas Bank
C)
Public Bank Berhad
D)
Standard Chartered

Correct Answer : Option (D) - Standard Chartered


Global banking group "Standard Chartered" on Thursday(24th Feb 2022) said it has partnered with the International Air Transport Association (IATA) to launch a payment platform for airline industry in India.
 
In addition to existing payment options such as credit cards, 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 said in a statement.
 
 
The service, which is already available in several European markets, leverages the Unified Payment Interface (UPI), a domestic real-time payments scheme, thereby enabling consumers to instantly pay for airline tickets from their bank accounts, it said.
 
It also said that following the launch in India, Standard Chartered will be supporting the rollout of IATA Pay in other markets as well.

Source : Business Standard

Published On : February 26, 2022
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