{"id":1298606,"date":"2025-08-07T11:24:28","date_gmt":"2025-08-07T05:54:28","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1298606"},"modified":"2025-08-07T11:25:03","modified_gmt":"2025-08-07T05:55:03","slug":"irctc-becomes-a-payment-aggregator-like-phonepe-paytm-google-pay","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/irctc-becomes-a-payment-aggregator-like-phonepe-paytm-google-pay\/","title":{"rendered":"IRCTC Becomes A Payment Aggregator Like PhonePe, Paytm, Google Pay"},"content":{"rendered":"\n<p>In a major development, the Indian Railway Catering and Tourism Corporation (IRCTC) has secured <strong>in-principle approval from the Reserve Bank of India (RBI)<\/strong> to act as a <strong>payment aggregator<\/strong>. This license has been granted under the <strong>Payment and Settlement Systems Act, 2007<\/strong>, and will allow IRCTC to process online payments independently via its <strong>IRCTC Payments Limited<\/strong> subsidiary.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"896\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-07-at-11.22.18\u202fAM-1024x896.png\" alt=\"\" class=\"wp-image-1298609\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-07-at-11.22.18\u202fAM-1024x896.png 1024w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-07-at-11.22.18\u202fAM-300x262.png 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-07-at-11.22.18\u202fAM-768x672.png 768w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-07-at-11.22.18\u202fAM-1536x1343.png 1536w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-07-at-11.22.18\u202fAM.png 1642w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>This marks IRCTC\u2019s entry into India\u2019s fast-growing fintech ecosystem, traditionally dominated by private players like Razorpay, Cashfree, and PayU.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>What Is a Payment Aggregator?<\/strong><\/h3>\n\n\n\n<p>A payment aggregator (PA) allows merchants to accept various <a href=\"https:\/\/www.angelone.in\/news\/market-updates\/irctc-secures-rbi-nod-to-operate-as-online-payment-aggregator-share-price-surges\">payment instruments<\/a> from customers without needing to set up a separate payment integration. This includes credit\/debit cards, UPI, net banking, and wallets. With the new approval, IRCTC will no longer have to depend on third-party service providers for online transactions on its vast platform.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Boost for iPay Platform<\/strong><\/h3>\n\n\n\n<p>The aggregator license gives new strength to IRCTC\u2019s in-house payment platform, <strong>iPay<\/strong>, which was launched in 2019 but had limited functionalities. With the RBI nod, iPay can now evolve into a robust payment gateway, offering seamless transactions for not just train bookings but also tourism packages, catering services, and other digital commerce offerings by IRCTC.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Next Steps and Final Approval<\/strong><\/h3>\n\n\n\n<p>As per RBI guidelines, IRCTC Payments Limited must now fulfill all conditions laid down in the in-principle approval. Once those are met, the final authorization will be granted within a year. This puts IRCTC on track to be among the few government-backed entities with a full-fledged digital payments infrastructure.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Why It Matters<\/strong><\/h3>\n\n\n\n<p>With over 8 crore users, IRCTC already runs one of the busiest e-commerce platforms in India. The aggregator license is a natural progression, giving it more control over transactions, better margins, and deeper integration of financial services \u2014 ultimately aligning with India\u2019s broader digital transformation goals.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.thehindubusinessline.com\/economy\/logistics\/irctc-eyes-payment-aggregator-license\/article65905996.ece\">Image Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a major development, the Indian Railway Catering and Tourism Corporation (IRCTC) has secured in-principle approval from the Reserve Bank of India (RBI) to act as a payment aggregator. This license has been granted under the Payment and Settlement Systems Act, 2007, and will allow IRCTC to process online payments independently via its IRCTC Payments [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":1298609,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[213,5979],"class_list":["post-1298606","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-irctc","tag-payment-aggregator"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IRCTC Becomes A Payment Aggregator Like PhonePe, Paytm, Google Pay - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/irctc-becomes-a-payment-aggregator-like-phonepe-paytm-google-pay\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IRCTC Becomes A Payment Aggregator Like PhonePe, Paytm, Google Pay - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"In a major development, the Indian Railway Catering and Tourism Corporation (IRCTC) has secured in-principle approval from the Reserve Bank of India (RBI) to act as a payment aggregator. This license has been granted under the Payment and Settlement Systems Act, 2007, and will allow IRCTC to process online payments independently via its IRCTC Payments [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trak.in\/stories\/irctc-becomes-a-payment-aggregator-like-phonepe-paytm-google-pay\/\" \/>\n<meta property=\"og:site_name\" content=\"Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-07T05:54:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-07T05:55:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-07-at-11.22.18\u202fAM-1024x896.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"896\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Mohul Ghosh\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohul Ghosh\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/trak.in\/stories\/irctc-becomes-a-payment-aggregator-like-phonepe-paytm-google-pay\/\",\"url\":\"https:\/\/trak.in\/stories\/irctc-becomes-a-payment-aggregator-like-phonepe-paytm-google-pay\/\",\"name\":\"IRCTC Becomes A Payment Aggregator Like PhonePe, Paytm, Google Pay - Trak.in - Indian Business of Tech, Mobile &amp; 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