India's fastest growing payments platform, PhonePe on Thursday announced entering into a partnership with Indian Railway Catering and Tourism Corporation (IRCTC) to facilitate convenient, fast and secure payments through PhonePe on the IRCTC Rail connect Android app.
The partnership will enable PhonePe's 100 million plus users to now pay directly from their bank accounts using UPI, credit and debit cards and also the PhonePe wallet for their travel bookings.
"We are extremely delighted to partner with IRCTC which has been a trusted platform for India's travel bookings. Through this partnership, we aim to boost digital payments across India. PhonePe offers IRCTC users the choice of using UPI along with all the other payment methods available on the app for quick and hassle free payments," said head of strategy and planning PhonePe, Karthik Raghupathy.
"This partnership gives IRCTC users a great travel booking experience and also provides the benefits of digital payments to a wider audience," added Raghupathy.
PhonePe has emerged as the largest player on the UPI network having clocked over 100Mn plus transactions in July 2018. The company was also awarded as an outstanding merchant UPI player at the NPCI excellence awards this year.
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