Ads Top

Mobile ticketing most cost-effective plan for railways

Although railway minister Suresh Prabhu has proposed debit card based ticketing machines, the banking industry has pushed for mobile-based ticketing as the best way forward for reducing queues and cost savings for Indian Railways. According to bankers use of mobiles would be most cost-effective as card-based payments are not viable for low-value tickets such as platform tickets and short distance suburban tickets. Even if on-site ATMs were used for issuing paper tickets it would be feasible for only higher value tickets as the interchange charges that banks pay to one another are quite high.

No comments:

Powered by Blogger.