Good news for those who wish to get more facility to their favorite e-wallets like Paytm etc., you can book train tickets through Paytm soon. Indian Railways is partnering with e-wallets players such as Airtel Money, Paytm and Jio Money to offer train tickets to the masses across the country.
The move clearly indicates how extent the e-wallets are going to play a crucial role in the paperless financial transactions in the coming future.
Indian Railways will gain additional income for each ticket the e-wallet player book in the form of commission. Now all these players are providing taxi, bus, movie ticket booking services to the customers. If Indian Railways finalizes the proposals we can book unreserved train tickets also through the platform.
There are lot of malpractices happening in train ticket bookings through travel agents. Once the booking facility is available on mobile wallets, the companies must take proper measures to prevent fraud and offer smooth ticket booking experience to the end users.
Not only train tickets soon we can expect more services available on the mobile wallets and small merchants also planning to get POS (point of sale) devices from wallet companies for the paperless transactions.