Heena Sharma Blog

The Indian Railway Catering and Tourism Corporation (IRCTC) has launched its own payment aggregator system, IRCTC iPay , a step which will help promote government's Digital India initiative. A statement from the railways' catering and ticketing arm said the exclusive digital payment gateway will provide an improved online digital payment convenience and ease of doing business to passengers availing online travel related services through the IRCTC website. "With the launch of IRCTC iPay, the passengers will not need any third-party platforms as the IRCTC iPay provides payment options like credit card, debit card, UPI Unified Payment Interface, International Card. The option of IRCTC prepaid card cum wallet, auto debit shall also be available shortly," the statement said. Under this new arrangement, IRCTC will have full control of the payment system because of its direct relationship with acquiring banks, card networks and other partners. "This will ...

As we become increasingly dependent on online financial transactions, here are a few ways to help you avoid losing your hard-earned money to fraudsters Technology News : Economic Affairs Secretary Subhash Chandra Garg recently said that India's digital economy was expected to touch the $1-trillion mark by 2022. As the scope of the country’s digital economy widens – as with every technological advancement – the increasing use of digital transactions also brings the high risk of online frauds. Unsurprisingly, therefore, as a recently released survey revealed, nearly one in four Indians has directly experienced fraud at least once while transacting online. The report suggested that greater digital convenience was linked to higher fraud exposure – presenting a problem for both consumers and businesses. Here are a few tips that could help you make safe transactions online: 1. Use smart apps: As reported by Business Standard a few months earlier, fintech players are comi...