Thursday, April 3, 2008

Share of Credit Cards and Cash Cards in Online Ticketing at IRCTC


From the total 16.27 lakh tickets booked online in September 2007, 22 per cent online payments were made using cash cards, according to Indian Railway Catering and Tourism Corporation (IRCTC) data.

In October 2007, 23 per cent of 17.2 lakh tickets were booked using pre-paid cash cards; and November saw further increase in cash card usage with online payments for 24 per cent of 17.8 lakh tickets being made through
prepaid cards.

The trend continued in December when cash cards accounted for 25 per cent of 18.4 lakh online tickets and January 2008 (cash cards were used to pay for 26 per cent of 18.8 lakh online ticket booking).

The share of credit cards for online booking has been hovering around 42-43 per cent during the above mentioned period, while rest of bookings are done using debit cards or Internet banking mechanism.

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Mukul Singhal