MobiKwik partners IRCTC; expects daily train bookings worth Rs 1.75Cr

Mobile wallet company MobiKwik expects to facilitate railway ticket bookings worth Rs 1.75 crore daily through its platform in the next few months as part of its partnership with the Indian Railways.

MobiKwik, which went live with the service earlier this week, said it is already enabling over 500 daily railway bookings on the IRCTC app with the average ticket value being Rs 700.

"Within the next six months, IRCTC could be processing around 1,00,000 ticket bookings daily via its Android app, of which we would expect MobiKwik payments to account for around 25 per cent", MobiKwik Founder and CEO Bipin Preet Singh told PTI.

MobiKwik expects railway ticket bookings worth Rs 1.75 crore to be powered daily via IRCTC Connect Android app in six months, he added.

About 25,000-30,000 tickets are booked daily through IRCTC's Android app.

MobiKwik's mobile payment solution allows instant one-tap payments for ticket bookings placed through the mobile app.

"Now that MobiKwik is integrated with the IRCTC Connect app, users can experience 'super-fast, express' payments and book all their rail tickets in a flash. MobiKwik wallet offering utmost ease and security in transactions, is bound to spike pan India booking of rail tickets via IRCTC mobile app", Singh said.

With online sales worth USD 3 billion for the year ending March 2015, IRCTC is the largest e-commerce platform in the country.

MobiKwik has 25 million users and 50,000 retailers on board.