Standard Chartered Bank Pakistan Launches Enhanced IATA EASY PAY Solution to Streamline BSP Ticketing and Payments for IATA Agents
Islamabad, Pakistan – Standard Chartered Bank (SCB) Pakistan has rolled out an upgraded IATA EASY PAY solution, uniquely customized for the Pakistan market. This advanced solution is designed to streamline BSP ticketing and payment processes for International Air Transport Association (IATA) agents across the country, offering them a seamless, efficient, and closed-loop payment mechanism.
The solution allows IATA agents to pre-fund their IATA EASY PAY accounts, which are then used to issue airline tickets and other air travel-related services. Through SCB’s open APIs and virtual account/ledger capabilities, the entire process—ranging from agent onboarding to airline settlements—is significantly optimized. This new approach not only enhances efficiency but also introduces a high degree of transparency, addressing crucial industry needs around credit risk reduction while providing an additional payment channel for agents.
“This bespoke IATA EASY PAY solution underscores our commitment to delivering innovative and efficient digital financial solutions tailored to the unique needs of our clients,” said Shiraz Hyder, Head of Transaction Banking at Standard Chartered Bank Pakistan. “Standard Chartered is focused on providing seamless support to drive operational efficiency so that the air travel industry can deliver on its core business with ease.”
The new solution also benefits airlines by improving liquidity due to faster settlement times, marking a significant advancement in the industry’s cash flow management. Feroze Jamall, IATA’s Country Manager for Pakistan, added, “IATA EASY PAY is an additional payment solution for Pakistan’s travel agent community when issuing tickets via the BSP. Working with Standard Chartered Bank has allowed us to improve on the service offering for the Pakistan market. This will better support the business of travel agents in Pakistan.”
To facilitate the adoption of this solution, Standard Chartered and IATA have organized awareness roadshows in Karachi, Islamabad, and Lahore. These events aim to educate IATA agents on the effective use of the new IATA EASY PAY solution, enhancing their ability to navigate ticketing and payment processes seamlessly.
This initiative reflects Standard Chartered’s ongoing dedication to leveraging digital innovation to support key industry sectors in Pakistan, enabling growth and operational ease in the dynamic air travel landscape.
