Who: Tata Teleservices subsidiary mRUPEE and IRCTC
When: 15 February 2016
Why: To provide an additional payment gateway
mRUPEE, a subsidiary of Tata Teleservices, on 15 February 2016 announced that it has tied up with Indian Railway Catering and Tourism Corporation (IRCTC) to provide an additional payment gateway.
Indian Railways carries more than 23 million passengers a day and the association will allow users one-tap payments for rail ticket bookings via mRUPEE wallet for a significant number of travellers.
• Indian Railway Catering and Tourism Corporation is a subsidiary of the Indian Railways that handles the catering, tourism and online ticketing operations of the railways.
• As the biggest e-commerce portal in India, IRCTC holds record of over 13 lakh tickets booked in a day in April 2015. The portal sees approximately 4.5 to 5 lakhs bookings per day on an average.
• mRUPEE, a subsidiary of Tata Teleservices, is a service that allows the consumers to do various transactions through their mobile phone.
• It converts customers’ mobile phones into a mobile wallet and allows them to send money to their family & friends’ bank accounts, shop online and make payments of bills & services.