CURRENT AFFAIRS

2022

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which financial company has partnered with International Air Transport Association (IATA) to launch the ‘ IATA Pay’ payment platform for the airline industry in India?

A	DBS Bank
B	Standard Chartered
C	HSBC
D	State Bank of India

Explanation:

Detailed explanation-1: -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 a single global connectivity.

Detailed explanation-2: -Standard Chartered in partnership with the International Air Transport Association (IATA) has launched IATA Pay in India.

Detailed explanation-3: -IATA Pay is a new payment solution for direct ticket sales via airline websites that can also be utilize in other use cases (NDC, Agency Portal, Group Sales). It is based on instant bank transactions and leverages on open banking or Request-to-Pay schemes.

Detailed explanation-4: -IATA aims to be the force for value creation and innovation driving a safe, secure and profitable air transport industry that sustainably connects and enriches the world. IATA’s mission is to represent, lead, and serve the airline industry. IATA was founded in Havana, Cuba, in April 1945.

There is 1 question to complete.