Railways Revenue Through Digital Payment Up 12 Percent

Railways Revenue Through Digital Payment Up 12 Percent

The Indian railways on Tuesday reported a rise of over 12 per cent in its cashless revenue stream generated from the reserved segment of e-tickets till August, 2017 from the period of 2016-17. The massive rise in cashless revenue stream from the reserved segment category was attributed to various steps initiated by the railways, a railway ministry official said. “The cashless revenue from reserved segment (e-ticket) has increased from 62.55 per cent in 2015-16 and 64.76 per cent in 2016-17 to around 76 per cent till August 28, 2017,” a railway ministry official said. “The online booked ticket constitute to about 64.5 per cent of total tickets (till August 28, 2017).” According to the railways, about 13 lakh tickets are booked every day against a reserved accommodation of 10.5 lakh berths across all classes.

The official added that even in the unreserved tickets segment the income through digital payment has gone up by two per cent. “The railways sold about 6.5 per cent unreserved tickets by August 2016, which has now gone up to 8.99 per cent till September 30, 2017,” he said.  Read More…

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