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The Billing and Settlement Plan (BSP) has long been the backbone of agency‑airline settlement, processing over USD 230 billion annually and serving as the industry’s most efficient and trusted payment channel. As the travel ecosystem evolves and new distribution and payment models emerge, the BSP is at a pivotal moment. Its share of global passenger sales is declining, signalling the need for a renewed strategic focus to protect its relevance and unlock new growth. To address this inflection point, IATA is launching the BSP Growth Programme built around two pillars: retention and growth of BSP participation;
and product developmentand innovation. This programme aims to strengthen the BSP’s competitiveness, expand its value proposition, and secure sustainable long‑term growth across all regions to...