Razorpay's 2018 move to power UPI payments on IRCTC rail bookings resurfaces
Resurfacing a February 2018 deal, Razorpay partnered with IRCTC to enable UPI on its website and app, expecting to process over 1 million transactions monthly. The deal rides 40% UPI growth and 151M January transactions, deepening digital payment adoption across Indian rail travel.
Razorpay partners with IRCTC to enable UPI payments on its website and app, expecting to process over a million transactions monthly, boosting digital payment adoption for Indian rail travel bookings.
Why this matters
Extends Razorpay's payments expansion following its $75M Series C led by Ribbit and Sequoia, its BillMe acquisition for offline payments, and its planned India redomicile ahead of a domestic IPO.
Omni-channel activity holds steady with 1,159 signals in the last 90 days.