CASHe joins hands with IRCTC to Launch ‘Travel Now Pay Later’ on IRCTC Rail Connect

CASHe

CASHe has partnered with IRCTC to offer the Travel Now Pay Later (TNPL) payment option on IRCTC Rail Connect mobile app. The feature enables travelers to book their rail tickets through IRCTC Rail Connect mobile app and pay for them later in pocket-friendly EMIs ranging from three to six months. For EMIs, the interest rate will be 2.5% per month.

With CASHe’s TNPL payment option, booking rail tickets on the app will be easier and hassle-free. The option will be shown at the checkout page while booking reserved and tatkal tickets. CASHe confirmed that there is no documentation needed to avail of this feature.

CASHe Buy Now Pay Later

Also see: Best Travel Apps in India

Commenting on the tie-up, Mr. 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 digitized 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 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 installments. 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.”

CASHe is a Mumbai-based finTech platform that offers instant loans to people. The platform is powered by Bhanix Finance and Investment Ltd., an RBI-registered NBFC. It has an AI-based algorithm platform – Social Loan Quotient (SLQ) that assesses the risk of a borrower based on the user’s social and mobile data footprints.

Travel Now Pay Later is now being offered by several travel booking platforms and airlines to give people an easy option to plan their travel without thinking much about the expenses. IRCTC travel app powered more than 1.5 million train ticket bookings per day. With CASHe and IRCTC partnership, this option will reach to masses.

We already have a Pay Later option on the IRCTC app using Paytm Postpaid. Now that CASHe has also been added, customers have multiple options to select from.

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