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Digital payments service OxiCash may be dwarfed by its customers Itz Cash Card and Done Card, when it comes to booking railway tickets on IRCTC, but it did show significant growth in total number of transactions until March 2011, wherein a decline set in. The reason: partly a decline in overall transactions on IRCTC (read this and this), and a clampdown on cash card services (more in our report on Itz Card). It’s interesting to note that following the clampdown, the ratio of failed transactions to successful transactions appears to have improved significantly.

Data source: IRCTC

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