Paytm to offer digital ticketing services by partnering with IRCTC

Paytm, a digital payments company, announced that it has expanded its partnership with the Indian Railway Catering and Tourism Corporation (IRCTC) to provide consumers with digital ticketing services via Automatic Ticket Vending Machines (ATVM) installed at railway stations across the country. Passengers will be able to scan QR codes generated on the screens to purchase unreserved train ride tickets, platform tickets, renew their seasonal tickets, and recharge smart cards.

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KEY POINTS:

• This is the first time Indian Railways has made it possible for customers to pay for tickets services online using UPI on ATMs, promoting cashless commuting.
• The ATVMs that have been installed at railway stations are touch-screen ticketing kiosks that will allow travellers to pay digitally without the use of smart cards.
• Passengers will now be able to scan QR codes that would be generated on the screens that can be used to purchase unreserved train ride tickets, platform tickets, renew their seasonal tickets, and recharge smart cards.
• Paytm allows passengers to pay using a variety of methods, including Paytm UPI, Paytm Wallet, Paytm Postpaid, Net Banking, Credit Card, and Debit Card.
• The new digital payment method based on Quick Response (QR) codes has already gone live across all ATVM machines at Indian railway stations.

Paytm’s latest ATVM digital payment solution is in addition to the company’s other railway-related offerings, which include e-catering payments and reserved train ticket booking via its smartphone. The new function is part of the company’s nationwide campaign to promote cashless transactions and digital payments.

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