US EditionIRCTC Becomes A Payment Aggregator Like PhonePe, Paytm, Google Pay
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IRCTC Becomes A Payment Aggregator Like PhonePe, Paytm, Google Pay
In a major development, the Indian Railway Catering and Tourism Corporation (IRCTC) has secured in-principle approval from the Reserve Bank of India (RBI) to act as a payment aggregator. This license has been granted under the Payment and Settlement Systems Act, 2007and will allow IRCTC to process online payments independently via its IRCTC Payments Limited subsidiary. This marks IRCTC’s entry into India’s fast-growing fintech ecosystem, traditi…
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