IndiGo begins using IATA Financial Gateway for billing, settlement in overseas point of sales

Mumbai: IndiGo NSE 0.12 %, India’s largest domestic carrier by market share, has become the first low-cost segment airline in the country to use IATA Financial Gateway (IFG) for billing and settlement in overseas point of sales, according to a statement. In the first phase, the facility is being offered in the United Arab Emirates, Qatar and the UK, the airline added.

The facility, which is aimed at increasing distribution and making the sales process seamless, has come into effect from Wednesday (November 4) in the notified markets, IndiGo said in the statement.

IndiGo plans to extend the mechanism to eight other overseas markets going forward, it said.