Indian Railway Catering and Tourism Corporation (IRCTC), which handles catering, tourism and online ticketing operations for the Indian Railways, has launched its own payment aggregator called ‘IRCTC iPay’.
In a note shared with the press, IRCTC said that this effort would help have a smoother digital payment experience for railway passengers.
With the launch of IRCTC iPay, passengers will not need any third-party platforms as all payment options like credit card, debit dard, UPI – Unified Payment Interface, International Card are integrated into the platform. The option of IRCTC Prepaid Card cum wallet, Auto Debit shall also be available shortly.
The ticketing giant expects this move to lead to substantial reduction in payment failures. In case an online transaction is unsuccessful or some other error occurs, IRCTC can directly get in touch with the bank instead of relying on an intermediate source which usually delays the process, said the company.
With this launch IRCTC said that they would also eye other government businesses where they can provide customised payment options. The back-end support will be provided by IRCTC’s technology partner Delhi based MMAD communications.
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