On 16 April 2018, Singapore became the first market in Asia Pacific to implement the New Generation of IATA Settlement Systems (NewGen ISS) following its successful global launch in Norway on 8 March 2018.

NewGen ISS is the most extensive and ambitious modernization of the IATA Billing and Settlement Plan to facilitate the global distribution and settlement of passenger funds between travel agents and airlines. NewGen ISS will be progressively rolled out (pdf) in Asia-Pacific and worldwide between now and 2020.​