Archive · 11 Jun 2025
IRCTC to Merge Platforms, Plans Fintech Foray for Travel Bookings
Imagine IRCTC, which handles train tickets, wants to help you book hotels and flights too.
They're combining all their booking websites into one.
They also want a special license to handle payments for online businesses.
This means they could help websites take money from customers.
They've asked the government for permission and are waiting for an answer.
If they get it, it will take some time to fully set up the payment system.
This will let them make more money by helping people book travel and pay online.
IRCTC plans to merge its online travel agency (OTA) platforms.
The aim is to improve hotel and air bookings, along with MICE activities.
IRCTC is also seeking a payment aggregator license from the RBI.
In-principle approval for the license is expected in the next 2-3 months.
A payment aggregator license would allow IRCTC to facilitate payments.
- Who
- IRCTC (Indian Railway Catering and Tourism Corporation).
- What
- IRCTC is merging OTA platforms and seeking a payment aggregator license.
- When
- In December 2024, IRCTC applied for a payment aggregator license, and in-principle approval is expected in 2-3 months.
- Where
- N/A
- Why
- To improve non-railway tourism revenues and facilitate online payments.
- Company
- IRCTC
- Objective
- Merge OTA platforms
- Revenue Source
- Non-railway tourism
- Air Package Growth (FY25)
- 28% year-over-year
- Air Package Revenue (FY25)
- ₹87 crore
- Air Package Revenue (FY24)
- ₹68 crore
- License Application
- Payment aggregator