This is interesting: Indian Railway Catering and Tourism Corporation (IRCTC) will soon offer a cash-on-delivery (CoD) payment option for buying railway tickets, reports Livemint citing two sources. One of the sources told the publication that the service will be made available through a partnership with BookMyTrain.com and it is expected to go live in 4-6 weeks. At the time of writing this article, BookMyTrain is currently under a placeholder that suggests that site is expected to launch soon and will offer cash-on-delivery service for railway ticketing. As indicated by Mint, BookMyTrain domain is owned by a Noida-based company Anduril Technologies that was incubated by Amity Innovation Incubator and builds tech solutions for domains like, payments, microfinance, telecom and ERP. An undisclosed IRCTC executive told the publication that Anduril will be responsible for ticket delivery, cash management and cancellations and the service will initially be available in more than 100 cities. Why this can be significant? IRCTC's online ticketing site is known to have significant traffic load issues, although it recently launched a new ticketing platform, which appears to be one that actually stays up. The report says IRCTC site was facing a transaction failure rate of around 30% until March this year. Through CoD, the organisation can finally reduce the high rate of transaction failures on its site, since it will enable users to book tickets and avoid skip payment gateways which traditionally causes majority of the transaction failures. That being said, note that IRCTC had also introduced an online wallet-like deposit called Rolling Deposit Scheme (RDS) to allow users book tickets online on its website back in April 2012. This will also reduce…
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