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IRCTC introduces pilot ‘epaylater’ facility

Staff reporter, New Delhi
03/08/2017   0 Comments

A scheme of booking e-ticket online and making payment after 15 days through ‘ePaylater’ powered by Arthashastra Fintech Pvt Ltd, as a pilot project has been introduced by Indian Railway Catering and Tourism Corporation Ltd (IRCTC). 
 
Under this scheme, a customer has the option to pay after 15 days of booking an e-ticket through IRCTC website.
 
The service charge levied on using ‘ePaylater’ scheme is 3.50% of transaction amount and applicable taxes.
 
Online ticketing through IRCTC website is gaining popularity and its share vis-à-vis counter tickets is increasing. Further, online ticket booking is also being promoted as a cashless mode of transaction.
 
ePaylater as a payment option is displayed at the payment page of IRCTC website to make people aware about the availability of this payment method. Details about its service charge and ‘Terms & Conditions’ of the scheme are also provided at the payment option page.

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