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IATA Partnered with Standard Chartered Bank

Published on March 19, 2021
Current Context: The International Air Transport Association (IATA) has entered into a partnership with Standard Chartered Bank (StanC).
  • Under this partnership, StanC is mandated by IATA to manage the payment flow within the aviation ecosystem under EasyPay.
  • Therefore, IATA has appointed StanC as one of its IATA EasyPay service providers in India which will provide greater payment flexibility to travel agents
  • The API based EasyPay grants a secure way to the traditional billing mechanism. The EasyPay is based on 'pay-as-you-go'
  • The EasyPay will identify the travel agents who perform payments in a dedicated IATA EasyPay account with StanC and release the tickets to the agents in real-time
  • Thus, this partnership will boost the digitization of payments in India
  • Static Part: 
    • HQ of IATA: Montreal, Canada

Question: 

Q: 1: Who among the following is mandated by IATA to manage the payment flow within the aviation ecosystem under EasyPay?
a. Federal Bank
b. DBS Bank
c. HSBC Bank
d. Standard Chartered Bank
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