Mobile payments platform Paytm has partnered with Indian Railway Catering & Tourism Corporation (IRCTC), enabling Paytm users to book train tickets online on Paytm’s app and website.
Speaking on the partnership, Abhishek Rajan, vice president, Paytm said, “At Paytm, our endeavour is to solve every need of a traveller. Our alliance with IRCTC is a major leap as it completes the spectrum of air, road and rail ticket booking solutions available on Paytm. This is a significant milestone in our efforts to build India’s largest travel marketplace.”
The Indian travel market has seen exponential growth over the past many years and is estimated to be worth US$ 40 billion by 2020, according to an India Brand Equity Foundation (IBEF) study.
