Indian Railways all set to go cashless

Indian railways-wefornews

New Delhi, 2 Dec: The Indian Railways is all ready to provide a digital platform to all its passengers for ticket booking.

It has asked the State Bank of IndiaBSE -0.25 % and ICICI BankBSE -0.54 % among others to provide nearly 15,000 point of sale (PoS) machines at reservation counters, with about a thousand of these machines to be made available by Dec 31. As presently, the Railways does not have POS service for debit and credit card payments at its ticket counters.
The railways have around 12,000 ticket counters. All of them would be equipped with one or more POS machines on the daily transactions basis.
In the first phase, counters at all urban centers would have the machines. “In places like Mumbai, where there’s a major sale of monthly passes, we would have POS machines installed immediately. SBI has promised to provide 1,000 machines,” the official said.

The railway ministry is all set to go cashless for paying vendors and contractors. A notification would soon be made that payment for all expenses should be made cashless by all zonal and divisional railways. The chairman of the railway board would soon issue a notification for the same.

Rail Minister Suresh Prabhu has already directed his officials to make the national transporter the first government organisation to be cashless. Railways already has 95% of its freight collection cashless. However, in the reserved category, it’s only 55%. In unreserved category and monthly passes it’s 100% dependent on cash payments as payment through cards was not allowed.

Wefornews Bureau

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