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CASHe partners with IRCTC to launch ‘Travel Now Pay Later’ facility

By Leandra Monteiro

October 18, 2022

  • Cashe
  • Digital Lending
  • Digital Payments
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CASHeCASHe announced that it has partnered with the Indian Railways Catering and Tourism Corporation (IRCTC) to provide a Travel Now Pay Later (TNPL) payment option on its travel app, IRCTC Rail Connect.

This will enable travellers of Indian Railways to book their rail tickets instantly and pay for it later in pocket-friendly EMIs, ranging from three to six months.  With CASHe’s TNPL payment option, booking and paying for rail tickets on the IRCTC travel app will now be easier and hassle-free for millions of Indian Railway passengers. The EMI payment option will be available on IRCTC travel app’s checkout page for passengers booking their reserved and tatkal tickets. CASHe’s TNPL EMI payment option offers a seamless user experience by automatically qualifying all users to avail the TNPL facility without any documentation.

Commenting on the tie-up, V. Raman Kumar, Founder Chairman, CASHe said, “This is India’s biggest travel now pay later embedded EMI payment journey with IRCTC of its kind. I am delighted to say that our association with IRCTC is another step to reach out and accelerate digitised EMI payments in the country. This partnership will also tremendously aid CASHe to reach out to the millions of IRCTC’s customers and provide them with a never-before and convenient option to travel now and pay for their rail tickets later in easy EMIs. The travel now and pay later as segment has seen remarkable growth and the message from the travellers is clear – they want the choice to pay for their trips in instalments. With CASHe’s travel now pay later, we will significantly enhance the payment convenience and flexibility for IRCTC’s customers at checkout, thereby improving customer experience.”

IRCTC is a subsidiary of the Indian Railways that handles catering, tourism, and online ticketing operations. The IRCTC travel app has over 90 million downloads and powers over 1.5 million railway ticket bookings per day.

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