MobiKwik partners with IRCTC for e-cash payments
The Dollar Business Bureau
Mobile payments network MobiKwik has partnered with Indian Railway Catering and Tourism Corporation (IRCTC) to launch e-cash payments for tatkal bookings. "MobiKwik collaborated with Indian Railways to digitise payments on the IRCTC app and IRCTC FoodOnTrack app this year, and now we are powering payments for tatkal online that will help users book tickets almost instantly," MobiKwik co-founder Upasana Taku said in press release today.
MobiKwik said instantaneous e-cash payments will help tatkal online in managing the load of over a thousand ticket bookings per minute. The service will also help users in ensuring that their bookings do not get rejected due to payment delays.
On an average, over 15% daily ticket bookings for Indian Railways happen under tatkal, it said. The payments company said with its services at IRCTC, users can pay within 2 seconds to buy tatkal tickets but would have to preload their MobiKwik wallet with the desired amount.