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One97 Communications Limited (OCL), which owns the brand Paytm, has further expanded its partnership with Indian Railway Catering and Tourism Corporation (IRCTC) to provide digital ticketing services to consumers through Automatic Ticket Vending Machines (ATVM) installed at railway stations across the country.
“Having pioneered the QR code revolution in India, we are glad to take it forward by bringing ease of ticketing across railway stations. With our partnership with IRCTC, we are bringing Paytm QR solutions at Automatic Ticket Vending Machines of Indian Railways, through which passengers will be able to go for a completely cashless commute”, a Paytm spokesperson said.
Service has gone live
The new Quick Response (QR) code-based digital payment solution has already gone live across all ATVM machines at railway stations in India. This is the first time Indian Railways is providing an option to pay digitally for ticketing services through UPI on ATVMs to promote cashless commuting among railway passengers.
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The gross merchandise value grew 105 per cent to ₹83,481 croreThe ATVMs placed at the railway stations are touch-screen based ticketing kiosks that will allow passengers to pay digitally, without requiring smart cards. Passengers will be able to purchase unreserved train journey tickets, platform tickets, renew their seasonal tickets and recharge smart cards by scanning QR codes generated on the screens. Paytm offers passengers the flexibility of paying through a variety of payment options — Paytm UPI, Paytm Wallet, Paytm Postpaid (Buy Now, Pay Later), Net Banking, Credit Card and Debit Card.
Paytm’s latest digital payment solution for ATVMs is in addition to the various services offered by the company for railway passengers, including e-catering payments and reserved train ticket booking through its app. The new feature is in line with the company’s effort to promote cashless transactions and digital payments across the country, the Paytm spokesperson added.
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