IRCTC launched its own Payment aggregator iPay

• The Indian Rail Catering and Tourism Corporation (IRCTC) on February 28, 2019 launched its own payment aggregator system ‘IRCTC iPay’ in a bid to promote digital transactions.

• With the launch of IRCTC iPay, the passengers will not need any third-party platforms while booking tickets online. IRCTC iPay provides payment options like credit card, debit card, unified payment interface, international card.

• IRCTC iPay will help reduce the gap between IRCTC and banks which will eventually lead to a substantial reduction in payment failures

Points to remember:

1. Name of the payment aggregator launched by IRCTC?
2. iPay launched by?