Passengers can now avail of Payment Gateway Provider ‘PayU’ facility under the Multiple Payment Services or MPS option on the IRCTC website at the payment stage of booking an e- ticket.
The announcement of collaborating with the Indian Railway Catering and Tourism Corporation (IRCTC) assures users of a safe and secure option to pay for rail tickets booked via the IRCTC website. This will be a new addition to the payment options available through internet banking, debit/credit card and e-wallet.
“Our payment gateway operates around 80 percent of the e-commerce business in India today, and this collaboration with IRCTC is aligned with our vision to simplify the payment experience for the growing digital savvy consumers as well as the merchants. Undoubtedly, this is a very large and prestigious mandate for us.
IRCTC’s biggest strength, its traffic, combined with the success rate of our payment gateway, which is the best in the industry today, is a great match and has a huge potential to enhance the digital transactions landscape and contribute towards making India a cashless/less cash economy,” said Rahul Kothari, Enterprise Business Head, PayU India.
PayU India processes over a gigantic number of 6500 crores worth of digital transactions every month, which also enjoys a success rate that is 10 percent higher than the industry average.