IRCTC set to enter payments sector, eyes aggregator license from RBI

At present, IRCTC already has I-PAY, its in-house payment gateway

According to industry experts, the Indian Railway Catering and Tourism Corporation (IRCTC) can now apply with the Reserve Bank of India (RBI) for a license as a payment aggregator, BusinessLine reported.

IRCTC recently secured an approval from the Registrar of Companies, NCT, Delhi and Haryana to alter the Main Objects Clause of the Memorandum of Association and insert a new clause to act as a payment aggregator.

The Railway PSU is all set to take entry into the payments sector and is thus eyeing a payment aggregator license.

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