IRCTC Launches Payment Aggregator System - IRCTC iPay
By MYBRANDBOOK
The Indian Railway Catering and Tourism Corporation (IRCTC) on Thursday has launched its own payment aggregator system, IRCTC iPay - the exclusive digital payment gateway, which will provide a better digital experience and improved online digital payment convenience to rail passengers availing online travel and related services through the IRCTC website - another step which will help promote government’s Digital India initiative.
“With the launch of IRCTC iPay, the passengers will not need any third-party platforms as the IRCTC iPay provides payment options like credit card, debit card, UPI – Unified Payment Interface, International Card. The option of IRCTC prepaid card cum wallet, auto debit shall also be available shortly,” it said on a statement. The option of IRCTC prepaid card-cum-wallet and auto debit shall also be available soon. The IRCTC, which handles catering, tourism, and online ticketing operations of the Indian national transporter said, under this new arrangement, "IRCTC will have full control of the payment system because of its direct relationship with acquiring banks, card networks and other partners".
"This will help reduce the gap between IRCTC and banks which will eventually lead to substantial reduction in payment failures. "Moreover, 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," the statement said. IRCTC said iPay promises to be passenger friendly, easy to use, reliable and faster.
BHIM to join e-commerce, competing with PhonePe and Google Pay
The government-supported payment software BHIM is getting ready to join t...
The latest version of X helps prevent deepfakes on social medi
To combat deepfakes and shallowfakes, Elon Musk revealed a new update t...
India and Namibia collaborate on a payment system similar to U
Once operational, the platform will enable digital transactions in Namibia,...
Sebi issues show-cause notices to six Adani group firms
Sebi issued show-cause notices to six Adani Group firms, including Adani ...
TATA CONSULTANCY SERVICES
DIGISOL SYSTEMS LTD.
QUICK HEAL TECHNOLOGIES PVT. Ltd.
BHARAT ELECTRONICS LTD.
Technology Icons Of India 2023: Ashish Kumar Chauhan
Ashish works as the CEO of the National Stock Exchange (NSE). He is al...
Technology Icons Of India 2023: Sridhar Vembu
Sridhar Vembu is an Indian billionaire business magnate and the Founde...
Technology Icons Of India 2023: Dr. Sanjay Bahl
Sanjay Bahl is currently with the Indian Computer Emergency Response T...
INDIANOIL helps reach precious petroleum fuels to every nook and corner of the country
IndianOil, a diversified, integrated energy major with presence in alm...
DRDO is India's largest and most diverse research organisation
DRDO is the R&D wing of Ministry of Defence, Govt of India, with a vis...
ECIL continues to keep India ahead in the growth of Information Technology and Electronics
ECIL played a very significant role in the training and growth of high...
TEXONIC INSTRUMENTS
Texonic has carved a niche for itself in the Technology Distribution i...
INFLOW TECHNOLOGIES PVT. LTD.
Inflow Technologies is a niche player in the IT Infrastructure Distrib...
ACCERON INFOSOL PVT. LTD.
It is a leading value added distributor in the IT security space and h...