IRCTC gets RBI nod to operate as payment aggregator

06 Aug 2025, 11:42 AM

Now, IRCTC will be able to process and settle online payments initiated on its railway ticketing platform.

Team Head&Tale

IRCTC Payments Ltd, a wholly-owned subsidiary of IRCTC (Indian Railway Catering and Tourism Corp.), has received in-principle approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator.


The approval, which came on August 4, comes under the Payment and Settlement Systems Act, 2007, the company said in an exchange filing. 

The payments division of IRCTC will now be able to facilitate online transactions for merchants and consumers, offering services such as payment collection, fund settlement, and transaction processing through various payment instruments like UPI, debit/credit cards, and net banking. 

IRCTC Payments Ltd was formed to cater to the Payment Aggregator Business.

With this move, IRCTC will compete with the likes of BillDesk, Razorpay, PayU, Cashfree, CCAvenue, among other. Now, IRCTC will be able to process and settle online payments initiated on its railway ticketing platform. 

This development will also enable Indian Railways' ticketing arm to tap into railway and government-linked transactions. 

On IRCTC, a total of 4530 lakhs tickets worth Rs 61,737 crores were booked in 2023-24 as compared to 4313 lakh ticket worth Rs 54,313 crores booked in 2022-23.