India: two companies partner for improved rail ticket payment

Digital payments company MobiKwik announced a partnership with IRCTC Rail connect app, which will allow customers to book railway tickets using the former’s payment gateway. The tie-up is aimed at simplifying payment systems by introducing MobiKwik’s easy-to-use interface for all, which supports payment solution through channels like debit card, credit card, net banking, ATM cards and wallets.
“Our association with IRCTC is another step to reach out and work towards our mission of digitalising the country. This association will help the passengers to pay for their tickets seamlessly and securely, within seconds,” MobiKwik’s chief business officer Vineet Singh said.
Mobikwik’s Payment Gateway currently powers payments for more than 3,000 ecommerce websites and apps. Mobikwik’s payment gateway processes more than 100 million transactions a month with a secure platform that works with different levels of security-encryption of all transactions, sensitive data storage with multiple levels of encryption API level security. IRCTC app powers over 100,000 tickets per day. During the current fiscal year, as much as 17% of total rail tickets, both reserved and unreserved, were booked through various cashless modes of payment.


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