Paytm partners with IRCTC
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Paytm, one of India’s largest mobile payment and commerce platforms, has partnered with IRCTC (Indian Railway Catering & Tourism Corporation). This move will allow Paytm users to book train tickets online on Paytm’s app and website.
Speaking on the partnership, Abhishek Rajan, Vice President, Paytm said, “At Paytm, our endeavour is to solve for every need of a traveller. Our alliance with IRCTC is a major leap as it completes the spectrum of air, road and rail ticket booking solutions available on Paytm. This is a significant milestone in our efforts to build India's largest travel marketplace.”
In recent months, Paytm has seen exponential growth in its Travel Marketplace. Its bus tickets business recently turned break-even while the Hotels booking category is expected to start generating profits very soon. The Flights booking service on Paytm has been growing at 4x rate month-on- month since its launch in May. In line with its vision to build the country’s largest travel booking destination, the company has now launched online train ticket bookings in partnership with IRCTC.