Indian Railway Catering And Tourism Corporation Limited has informed the Exchange about RBI s in-principle authorization to operate as an Online Payment Aggregator under the Payment and Settlement Systems Act, 2007 to IRCTC Payments Limited, a Wholly Owned Subsidiary of IRCTC.
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IRCTC has informed the exchanges that the Reserve Bank of India has granted 'in-principle' authorization to its wholly owned subsidiary, IRCTC Payments Limited, to operate as an Online Payment Aggregator under the Payment and Settlement Systems Act, 2007. The authorization was communicated by RBI via a letter dated August 04, 2025, received by the company on August 05, 2025. This marks a key step toward the subsidiary becoming a fully licensed payment aggregator. The final authorization would enable IRCTC Payments Limited to handle online payment aggregation services independently.
This is a positive development for IRCTC as it moves closer to operating its own payment aggregation business, which could improve transaction efficiency, reduce payment processing costs, and create a new revenue stream from its wholly owned subsidiary.