Transparency in Payments (TIP)
In November 2017, the Passenger Agency Conference (PAConf) adopted a set of resolutions, which will enable the implementation of Transparency in Payments (TIP). TIP is an industry initiative focused on providing Airlines with increased transparency and control in the collection of payments for their sales through the agency channel. At the same time, it will enable Agents to take advantage of new forms of payment (Alternative Transfer Methods) for the remittance of customer funds through the BSP. Please be advised that Resolution 896 will become effective in BSP Hong Kong & Macao on 01 February 2019. Consequently: Providers of Alternative…