STOCK MARKET BSE NSE

Over 50pc train tickets are still paid for in cash

Despite the strong push given to digital payments across the country, more than half of all train tickets in India continue to be purchased with cash, says an information portal on Railways.

Published: 20th September 2017 02:43 AM  |   Last Updated: 20th September 2017 07:34 AM   |  A+A-

By Express News Service

BENGALURU:Despite the strong push given to digital payments across the country, more than half of all train tickets in India continue to be purchased with cash, says an information portal on Railways.The neighbourhood ticketing agent is the main preferred source to buy tickets and agents prefer cash payment, it says.

A release from the portal, RailYatri.in, on Tuesday presented the findings based on a survey of over 750 travel agents and over 15,000 users across 25 cities.The survey reported that an estimated 65,000 ticketing agents are big suppliers of train tickets.

“Nearly a crore train tickets every month are being booked in cash and this doesn’t go well with the ambitious plan of the central government to move the nation towards digitisation and online payments. However, the good news is that this can be quickly fixed by revisiting the rules,” said Manish Rathi, CEO of the portal.

Despite agents running bigger businesses having the infrastructure to accept digital payments, their bookings are nearly 100 per cent in cash as they shun digital payments. “This is due to the outdated ticketing rules and the penalty imposed,” the release said.The release called upon the new leadership in Railways to incentivise agents in order to goad them to accept digital payments.

Stay up to date on all the latest Bengaluru news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp