comscore IRCTC ties up with State Bank of India to revamp its e-wallet; to improve Android app
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IRCTC ties up with State Bank of India to revamp its e-wallet; to improve Android app

The IRCTC has tied up with State Bank of India to enable SBI's Buddy wallet as payment option. It also aims to improve its Android app to make refund process smoother for e-ticket cancellation.

  • Updated: July 23, 2016 8:05 PM IST
mobile-wallet-stock-image

Indian Railway Catering and Tourism Corporation said that it will be launching a host of initiatives and programs, including passenger insurance and unreserved ticketing. Talking about the same, Arun Kumar Manocha, Chairman and Managing director of IRCTC said, “We are going to start passenger insurance soon and have already issued letter of award. We have short-listed three companies. The insurance would cost less than Rs 2 per trip for a sum insured of Rs 10 lakh”. Also Read - Ola to offer free oxygen concentrators to the needy

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Indian railway is likely to start passenger insurance scheme from September by charging a minimal premium of less than Rs 10 per ticket from travelers for an insurance cover of Rs 10 lakh in case of death or permanent disability caused in train accident.

The public-sector undertaking of the Railways, which handles catering, tourism and Internet ticketing activities, has also joined hands with the State Bank of India to enable digital payments through the SBI’s mobile wallet Buddy. The company is also working together to explore other areas of railway ticketing activities.

ALSO READ: IRCTC s Connect Android app gets MobiKwik digital wallet as primary payment option

“We are planning to enter unreserved ticketing system; it would be available in a few months time,” he said. Manocha said IRCTC is improving its Android app to make refund process of e-ticket cancellation simpler. The company is working with several institutions, including Central Food Technological Research Institute, Mysore, and Institute of Hotel Management, Catering & Nutrition, Pusa just to provide upgraded services, he said.

ALSO READ: After Dominos, KFC partners IRCTC to deliver fast food to your train seat

IRCTC is planning to launch its own e-wallet in a renewed form, he added. “The failure for card payment is only 2-3 percent because of the pathway issues. We are hoping to launch e-wallet in the renewed form. It will be made free for the first three months. Currently it is linked to the PAN card and it will also be linked to the Aadhaar card soon.”

He said they have started the process for e-wallet which should be launched by Dussehera or Diwali (in October).

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  • Published Date: July 23, 2016 8:00 PM IST
  • Updated Date: July 23, 2016 8:05 PM IST



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