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India
01 Mar 2019

IRCTC's much-awaited 'iPay' payment aggregator system launched: Details here

IRCTC launches its own payment aggregator system 'iPay'

The Indian Railway Catering and Tourism Corporation (IRCTC) has finally launched its own payment aggregator system, the "IRCTC iPay" on Thursday.

The e-ticketing arm of the Indian Railways launched the much-awaited payment aggregator system in a bid to boost digital transactions on the platform and eliminate the need for third-party payment platforms.

Here's all you need to know about IRCTC iPay.

In context

IRCTC launches its own payment aggregator system 'iPay'

IRCTC iPay to provide better digital experience, digital payment convenience

With the launch of its exclusive digital payment gateway, IRCTC aims to offer better digital experience to customers. IRCTC iPay will also provide an improved digital payment convenience to railway passengers availing travel-related services online through its portal, according to a statement by IRCTC.

Passengers will not need any third-party platforms: IRCTC

IRCTC iPay

Passengers will not need any third-party platforms: IRCTC

"With the launch of IRCTC iPay, the passengers will not need any third-party platforms. IRCTC iPay provides payment options like credit card, debit card, unified payment interface, international card," IRCTC said in a statement.

The option for making payments through IRCTC's prepaid card-cum-wallet as well as the auto debit feature will also be made available soon on the payment platform.

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iPay promises to be passenger-friendly, easy to use, reliable, faster

The e-ticketing arm of the Indian Railways also said iPay promises to be "passenger friendly, easy to use, reliable, and faster". IRCTC is a subsidiary of the Railways and handles the catering, tourism, and online ticketing operations of the national transporter.

Full control

Will have full control of the payment system, says IRCTC

The IRCTC also said that under this new arrangement, it will have full control over the payment system.

"IRCTC will have full control of the payment system because of its direct relationship with acquiring banks, card networks, and other partners," it said.

"This will help reduce the gap between IRCTC and banks which will eventually lead to substantial reduction in payment failures," it added.

IRCTC doesn't need to rely on intermediate sources any more

"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 IRCTC said in its statement.

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Most asked questions

What is IRCTC iPay?

What is the use of iPay?

Is iPay available for everyone?

What is IRCTC? What does it do?

More questions

What is IRCTC iPay?

Asked 2019-03-01 16:44:05 by Surabhi Sarin

Answered by NewsBytes

IRCTC iPay is IRCTC's own payment aggregator system. It provides payment options like credit card, debit card, unified payment interface, and international card among others.

What is the use of iPay?

Asked 2019-03-01 16:44:05 by Aarav Pillai

Answered by NewsBytes

IRCTC iPay is a payment aggregator system. It offers better digital experience and an improved digital payment convenience to rail passengers availing services on the IRCTC platform.

Is iPay available for everyone?

Asked 2019-03-01 16:44:05 by Trishla Verma

Answered by NewsBytes

Yes, IRCTC iPay will be available for every rail passenger availing online services on the IRCTC platform for making digital payments.

What is IRCTC? What does it do?

Asked 2019-03-01 16:44:05 by Aaryan Chattopadhyay

Answered by NewsBytes

The Indian Rail Catering and Tourism Corporation (IRCTC) is the e-ticketing arm of the Indian Railways. IRCTC is a subsidiary of the Railways and handles the catering, tourism, and online ticketing operations of the national transporter.

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