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  Business   Companies  01 Jun 2017  IRCTC ties up with ePayLater to give 14 days credit

IRCTC ties up with ePayLater to give 14 days credit

THE ASIAN AGE
Published : Jun 1, 2017, 2:20 pm IST
Updated : Jun 1, 2017, 2:21 pm IST

ePayLater enables a aperson to log out immediately after booking ticket so that they can make payment later.

(Photo: PTI/Representational)
 (Photo: PTI/Representational)

Mumbai: Indian Railway Catering and Tourism Corporation or IRCTC has decided to make train passengers' life much more easier especially of those who frequently book their tickets online using IRCTC website.

Country's premier railway agency has entered into a partnership with ePayLater to enable railway passengers to book train tickets 'now and pay for it later'. ePayLater is a platform that allows persons to log out immediately after booking tickets so that they can make payment later.

"The idea behind paying later comes with every customer receiving a credit line for 14 days, and the amount lent can be paid within these 14 days," a report on trak.in said. A passenger can combine all their payments and make them at one go within fourteen days.

The report added that IRCTC with the help of the new initiative wants to end cash on delivery system totally. Above all 'book now pay later' is nothing but a loan from IRCTC in form a railway ticket.

This is not first time that railway corporation has tied up with a payment facilitator entity or a bank. In the past, IRCTC had roped in services of Citibank to permit monthly instalments of railway tickets.

It had introduced ‘pay on delivery’ category for train tickets booked using its website. "Through this partnership, IRCTC hopes that people will book the tickets without paying for them during the time of booking," the report said.

Tags: irctc, indian railways, online ticket booking, epaylater, book now pay later, . railway passengers, railway reservation
Location: India, Maharashtra, Mumbai (Bombay)