Indian Railways to launch passenger insurance, unreserved ticketing

The public-sector undertaking of the Railways, which handles catering, tourism and Internet ticketing activities, partnered with the State Bank of India to enable digital payments through the SBI’s mobile wallet Buddy.

The company is also working together to explore other areas of railway ticketing activities, Manocha said. “We are planning to enter unreserved ticketing system; it would be available in a few months time,” he said.

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Manocha said IRCTC is integrating android software which will make refund process of e-ticket cancellation simpler. The company is working with several institutions, including Central Food Technological Research Institute, Mysore, and Institute of Hotel Management, Catering & Nutrition, Pusa just to provide upgraded services, he said.

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IRCTC is planning to launch its own e-wallet in a renewed form, he added. “The failure for card payment is only 2-3 per cent because of the pathway issues. We are hoping to launch e-wallet in the renewed form. It will be made free for the first three months. Currently it is linked to the pan card and it will also be linked to the Aadhaar card soon.” He said they have started the process for e-wallet which should be launched by Dussehera or Diwali (in October).