IRCTC also said that this move would help reduce the excessive load that these B2C agents throw onto IRCTC’s ticket booking website.
In a note shared with the press, the startup said that 88% of the unsecured loans sourced their platform were disbursed to salaried professionals.
Aiming a four-fold growth in the current year Mobikwik has appointed Deepak Batra as Head of Online Business at MobiKwik responsible for working closely with their online partners.
The product, which is already in its beta testing mode, has around 5,000 monthly active merchants and more than 500 of them have generated more than 1 lakh transaction run rate per month already.
Paytm said mirroring of data is not the solution and many countries have disallowed companies from doing so.
IRCTC will now charge Rs 12 plus taxes for every ticket booked through online travel agents.
NPCI said that all such transactions will be blocked in the UPI central system and has also asked payment service providers and banks to block such transactions at their end.
Ebix has driven this acquisition with the borader plan to enter peer to peer lending through web, e-wallets and mobile phones.
PaySense works in the space of digital lending where it processes loans for customers who might not have a credit card and would need instant credit for a specific purpose.
The government has set an ambitious target of 30-billion digital transactions to be accomplished within 2018.
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