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.
Currently, approximately 30,000 tickets are booked daily on the IRCTC Android app, a number that MobiKwik expects to rise with ease of mobile wallet usage.
“MobiKwik wallet offering utmost ease and security in transactions is bound to spike pan India booking of rail tickets via IRCTC mobile app. Thus, partnering with IRCTC, which drives the largest number of digital transactions in the country, we give a thrust to the government’s mandate of boosting wider adoption of digital money in India,” said Bipin Preet Singh, founder and chief executive officer of MobiKwik.
“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,” he added.
IRCTC crossed online sales worth nearly USD3 billion (Rs.20,620 crore) in fiscal 2014-15, and has been aggressively pushing towards modernisation of its ticketing and consumer services platforms in recent months. Last month, it tied up with online delivery firm Foodpanda, enabling consumers to order from a variety of cuisine options.The collaboration, to be launched at New Delhi railway station this month, will provide customers with the choice to order meals at least two hours before the travel, said IRCTC Chairman and Managing Director A K Manocha. The e-catering service, known as ‘Food on Track’ will be extended to other metros and cities across the country in due course.
MobiKwik currently powers payments for companies such as Uber, Meru Cabs, Big Bazaar, OYO Rooms, Zomato, Café Coffee Day, PVR, Archies, WHSmith India, BookMyShow, Grofers, Big Basket, Domino’s, Pizza Hut, eBay, ShopClues, Myntra, Jabong, Pepperfry, among others.
The company has so far raised around USD30 million through venture capital funding from Sequoia Capital, American Express, Tree Line Asia and Cisco Investments.