IRCTC Arm Secures RBI Approval to Operate as Payment Aggregator

Published On: 05/08/20251 min read

The Indian Railway Catering and Tourism Corporation (IRCTC) has taken a significant step forward by receiving in-principle approval from the Reserve Bank of India (RBI) to operate as a payment aggregator. This development marks an important diversification for IRCTC, expanding beyond its core services of ticketing and hospitality into the digital payments domain.

With this approval, IRCTC Payments Limited will be able to offer payment aggregation services, allowing it to facilitate multiple payment options for various merchants and customers under a single platform. This move aims to open new digital revenue streams for IRCTC, bolstering its financial growth and strengthening its position in the fintech space.

The RBI’s nod reflects confidence in IRCTC’s capability to manage secure and efficient payment processing services. As a payment aggregator, IRCTC will need to comply with regulatory standards and ensure robust security measures to safeguard transactions.

Investors and industry watchers view this as a strategic expansion for IRCTC, potentially enhancing its revenue generation possibilities and broadening its footprint in India’s expanding digital economy. With the RBI’s in-principle clearance already in place, IRCTC is expected to finalize operational details and commence services as a payment aggregator soon.

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