Digital payments firm MobiKwik has announced its association with Indian Railway Catering and Tourism Corporation (IRCTC) with connecting app, which will allow customers book railway tickets using the former's payment gateway.
Announcing the association, Vineet Singh, Chief Business Officer of MobiKwik said, "MobiKwik is privileged to support a cashless India and urges people to transact with wallets and digital money as much as possible. Our association with IRCTC is another step to reach out and work towards our mission of digitalizing the country."
Singh said that "This association will help the passengers to pay for their tickets seamlessly and securely, within seconds."
MobiKwik's tie-up with IRCTC comes against the backdrop of a significant rise in a cashless mode of transactions, especially after demonetization. During this financial year alone, 17 percent of total tickets, both reserved and unreserved, were booked through various cashless modes of payment.
Mobikwik's Payment Gateway currently powers payments for more than 3000 e-commerce websites and apps.
Mobikwik's Payment gateway processes more than 100 million transactions a month. It is a secure platform that works with different levels of security- Encryption of all Transactions, Sensitive Data Storage with multiple levels of Encryption API Level Security.
The Payment Gateway also powers multiple bank accounts into a single mobile application, merging several banking features, seamless fund routing and merchant payments under one hood. Some of the other additional features supported by MobiKwik's Payment Gateway offers to ensure high conversion rates on mobile by providing mobile-friendly checkout pages, optimized for 2G and slow network.