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IRCTC Adds MobiKwik as Primary Payment Option on Android App

IRCTC Adds MobiKwik as Primary Payment Option on Android App

By Gadgets 360 Staff | Updated: 8 December 2015 17:11 IST

Gurgaon-based MobiKwik announced Tuesday that IRCTC has chosen its wallet as the first payment option on IRCTC's Connect Android App.

The integration, live on the Android app, enables instant one-tap payments for ticket bookings, the company said. MobiKwik also plans to extend this to IRCTC's other digital platforms.

Approximately 25,000 to 30,000 tickets are booked daily on the IRCTC Android app, MobiKwik expects the numbers to spike thanks to the ease of mobile wallet usage.

Partnering with IRCTC will help give a thrust to the government's mandate of boosting wider adoption of digital money in India, said Bipin Preet Singh, MobiKwik Founder and CEO in an emailed statement.

(Also Read Seven Mobile Wallets Every Indian Should Know About)

MobiKwik claims a near 100 percent success rate in processing payments. "When retailers integrate MobiKwik's wallet interface, users get to make the payment from within the retailer's platform and no re-direction to MobiKwik is required. This allows complete ease of payments where transaction failure is nearly non-existent," Singh said.

According to IRCTC's latest disclosure, it crossed Rs. 20,620 crores in revenues from online ticketing double the revenue of Flipkart for the year ending March 2015.

(Also Read: Nine Simple Tips to Make Your IRCTC Experience a Little Bit Less Painful )

Founded in 2009, MobiKwik claims a user base of 25 million users with 50,000 retailers, and works with an offline retail network of merchants, which serve as points for cash loading into the wallet and for wallet payments.

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