PayU, India’s leading payment gateway provider, has collaborated with Indian Railway Catering and Tourism Corporation (IRCTC), to give users a safe and secure option to pay for rail tickets booked on the IRCTC website.
PayU will now be available as a payment option under MPS (Multiple Payment Services) on the IRCTC website at the payment stage of booking an e- ticket. Clicking on this option will enable users to make a safe and secure transaction via various payment options like Internet Banking, Debit/Credit Card and E-wallet. PayU is a safe and secure payment gateway for making online payments and enjoys a success rate that is 10% higher than the industry average.
Commenting on the Collaboration, Rahul Kothari, Enterprise Business Head, PayU India, said, “Our payment gateway operates around 80% 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.”
PayU India is the largest payment processor in the country, processing over 6500 crores worth of digital transactions every month.
In India, PayU covers nearly 60% of the airline business and 80% of the entire ecommerce and processes over INR 40,000 crore of Digital payments in India annually. PayU is the industry leading payment service provider and its clientele includes the likes of Jet Airways, Amazon, Airtel, Snapdeal, Jabong, Ola, Bookmyshow, Insurance companies and many more. PayU India also has under its aegis PayUmoney, the fast, easy and secure payment solution which can be used by anyone who wants to collect payments in India (be it individuals, brick & mortar businesses, startups, freelancers, schools, hotels, utility companies, residential societies, telcos, insurance companies, traders, retailers etc.). PayU’s offerings are presently used by over 300,000 merchants all across India.