Leading payment gateway firm PayU has joined hands with Indian Railway Catering and Tourism Corporation (IRCTC) to launch digital payment option.
Post this collaboration, PayU will offer a payment option under MPS (Multiple Payment Services) on the IRCTC website for booking e-ticket.
By clicking on the option the user will perform a safe and secure transaction via several payment modes like Internet Banking, Debit/Credit Card and E-wallet.
PayU is a secure payment option that enables e-payments and has achieved a success rate greater than 10 per cent in comparison to the industry average.
“Our payment gateway operates around 80 per cent of the e-commerce business in India today and this collaboration with IRCTC, which is the country’s largest platform for rail ticket bookings, adds another feather in our cap and 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, .i.e., 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 is one of the biggest enabler of the payments in the country and processes digital transactions more than 6500 crores every month.