mRUPEE, a subsidiary of Tata Teleservices, announced that it has tied up with IRCTC, India's largest e-commerce company, to provide an additional payment gateway. Indian Railways carries more than 23 million passengers a day<1> and the association will allow users one-tap payments for rail ticket bookings via mRUPEE wallet for a significant number of travelers.
Indian Railway Catering and Tourism Corporation (IRCTC), is a subsidiary of the Indian Railways that handles the catering, tourism and online ticketing operations of the railways. As the biggest e-commerce portal in India, IRCTC holds record of over 13 lakh tickets booked in a day in April 2015. The portal sees approximately 4.5 to 5 lakhs bookings per day on an average.
"Today, mobile services have fast evolved beyond telephone calls and voice messages to take centre stage in an increasingly connected world. Our partnership with IRCTC adds to the tremendous reach of mRUPEE’s market. We’re excited that these kinds of meaningful partnerships are helping to not only give our customers the ease of quick and convenient booking, but also give a thrust to the government’s mandate of enhancing wider adoption of digital money in India. Through this service, we aim at delivering future ready infrastructure that not merely meetstoday’s expectations, but those of tomorrow,” said Pradeep K Sampath, Chief Operating Officer for mRUPEE.
mRUPEE has recently tied up with SmartD, a lifestyle management platform, which helps consumers in Chennai to explore delicious, healthy and affordable food every day. Also, mRUPEE had earlier announced its partnership with ICICI Bank to launch a recharge facility for Delhi Metro cards. MMPL also launched the Open Loop prepaid, VISA powered, card in partnership with RBL Bank (Ratnakar Bank). By obtaining a PaySmart card, mRUPEE customers are able to withdraw money from VISA licensed ATMs and also pay for goods and services at all merchants that accept VISA Debit/Credit cards nationally.