Standard Chartered announced it has partnered with the International Air Transport Association (IATA) to launch IATA Pay in India. IATA Pay, which is already available in several European markets, is an airline industry payment platform that brings optionality, convenience and an enhanced experience to consumers when purchasing tickets directly from participating airlines. The service leverages the Unified Payment Interface (UPI), a domestic real-time payments scheme in India, thereby enabling consumers to instantly pay for airline tickets from their bank accounts.
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