In the month of August, 2010, the Indian Railway Catering & Tourism Corporation (IRCTC), which manages the online rail ticketing for the Indian Railways, handled around 10.8 million transactions, of which 7.92 million were successful – a total of 79.03%. The number of transactions were up 8.83% month on month over July where it reported 9.9 million transactions, of which 7.9 million were successful. The number of failed transactions - whether due to IRCTC or its payment gateways, still remains very high, above 20% at 2.2 million, and has increased by 12.98%: Payment Gateway specific information: - SBI Debit Card: - Accounted for 11.6% of total transactions, 10.4% of total successful transactions, with a 3.68% increase in the total number of failed transactions. ICICI Payment Gateway: Accounted for 9.4% of total transactions, and 9.54% of total successful transactions, with an 8.58% increase in total number of failed transactions Citibank Total number of transactions rose to 518,096 in August, rising at 16.54%, following a 12.79% increase in July over June. 3.29% of total successful transactions belonged to Citibank as against 2.94% in June. HDFC Accounted for 7.09% of total successful transactions as against 6.33% in July. Total Transactions stood at 770,997, up 17.85% over June 2010. Amex Total number of transactions were 39,016 as against 38,049 in June. AmEx accounted for 0.33% of total successful transactions as against 0.28% in July. Cash Cards Cash cards accounted for 16.9% of total transactions, and reported the much higher successful transaction rate that bank gateways.…
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