IRCTC launched its own payment aggregator system IRCTC ipay

To promote digital transactions, On thursday Indian Rail Catering and Tourism Corporation (IRCTC) launched its own payment aggregator system "IRCTC iPay".

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, UPI - Unified Payment Interface, International Card. The option of IRCTC prepaid card cum wallet, auto debit shall also be available shortly", the statement said.

Under this, 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", the statement said.

"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 also said.

IRCTC said that the IRCTC ipay to be passenger friendly, easy to use, reliable and faster.