wordpress blog stats
Connect with us

Hi, what are you looking for?

IRCTC Reports 2 Million Failed Transactions For July 2010; 9.9 Million Total

In the month of July, IRCTC (Indian Railway Catering & Tourism Corporation), which manages the online rail ticketing for the Indian Railways, handled around 9.92 million transactions, of which 7.92 million were successful – a total of 79.8%. IRCTC reported an 11.84% rise in the number of total transactions over the month of July, where it reported 8.87 million transactions, with 78.04% of them (6.92 million) successful. 2 Million failed transactions is a fairly substantive number, and IRCTC does need to improve its conversion rate. At this scale, a 20.2% failure rate is much too high.

Payment Gateway specific information:

SBI Debit Card: accounted for 11.5% of total transactions, and 10% of total successful transactions, with a 13.25% increase in the total number of failed transactions.

ICICI Payment Gateway: Saw a 8.62% of total successful transactions, declining from 7.47% in June. Though the total number of transactions increased by 14.68% at 949,843 from 826,944 in June.

Citibank: Total number of transactions rose from 394,148 in June to 444,547 in July, a rise of 12.79%. 3.29% of total successful transactions belonged to CITIBANK as against 2.94% in June.

HDFC: Amounted to 5.65% of total successful transactions as against 5.04% in June. Total Transactions stood at 654,239, 12.62% higher than 580.923, in June.

Amex: Total number of transactions were 38,049 as against 32,136 in June, a rise of 18.4%. While they had 0.28% of total successful transactions as against 0.24% in June.

Axis Bank: 245,412 total transactions in July, 8.91% higher than in June, 225,345. 1.19% of total successful transactions as against 1.67% in June.

Cash Cards

Cash cards accounted for 14% of total transactions, and reported the much higher successful transaction rate that bank gateways. Cash Cards accounted for 15.5% of total successful transactions on IRCTC payment gateways.

Itz Cash Card: 9.71% of total successful transactions, July, 8.57 in June. 978,674 total connections, raise by 9.35% from 894,980

Done Card: 1.12% total successful transactions, July, 1.28% in June. 125,811 total connections, fell by 23.37% from 164,176

I Cash Card: 2.99% total successful transactions, July, 2.52% in June. 288,131 total connections, raise by 18.15% from 243,874

You May Also Like

News

The National Payments Corporation of India is in the process of rolling out a completely open source platform for the Unified Payments Interface (UPI)...

News

MobiKwik’s net revenues grew by 134% to ₹379 crore at the end of FY20 from ₹162 crore on the back of higher revenue from...

News

Non-bank lender Bajaj Finance is planning to enter the competitive Unified Payments Interface (UPI) market with its own third-party app called Bajaj Pay. The...

News

Digital payment adoption has grown significantly in the last year, reflecting a secular trend among Indian consumers and businesses, TR Ramachandran VISA Inc’s group...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ