In an effort to end woes of rail passengers seeking to book tatkal tickets online faster, e-wallet service provider MobiKwik has joined hands with Indian Railway subsidiary IRCTC to let users avail the e-cash payment option.
Travellers can now book their tickets using their MobilKwik wallet, apart from already available options like netbanking, credit cards, and other wallet services.
According to MobilKwik, users can make the payment with the wallet within two seconds as compared to other modes of payment which are five to 10 times more time consuming.
The payment app claims that this new e-cash payment is hassle free. This payment mode will eradicate the need to fill in card details and wait for the bank to approve the transaction through authentication.
IRCTC will instantly deduct the amount from a user’s MobilKwik wallet without any authentication as a prerequisite. For availing this fast and simple payment mode, the user first need to install the app on the smartphone and have money in the wallet for seamless and fast payment.
Tatkal is a service provided by the Indian Railway to book emergency confirmed tickets one day prior to travel. MobiKwik claims that on an average, over 15 per cent daily ticket bookings for Indian Railways happen under tatkal.
Explaining the benefits of this facility, Upasana Taku, Co-founder at MobiKwik said, “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. We are proud to support the largest rail network in Asia in their endeavor to digitize payments and provide the best payments experience to their users.”
Last year, IRCTC made MobiKwik wallet as the first payment option on IRCTC’s Connect Android App. IRCTC also partnered with Paytm in September this year to allow users book train tickets through the payment app and website. It had even tied up with Paytm last year to enable e-catering payments.
Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/
