PayU partners with IRCTC, lends online payment services to users

New Delhi: Payment gateway provider PayU on Monday announced its collaborations with the Indian Railway Catering and Tourism Corporation (IRCTC) to provide users a safe and secure option to pay for rail tickets booked via the IRCTC website.

PayU will now be available as a payment option under the Multiple Payment Services or MPS option 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.

"Our payment gateway operates around 80 percent of the e-commerce business in India today, and this collaboration with IRCTC 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, its 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 processes over 6500 crores worth of digital transactions every month, and enjoys a success rate that is 10 percent higher than the industry average.