Paytm, after analysing its internal data, has announced that more than 70 percent of train tickets booked on Paytm over the past year, are from Tier-II and Tier-III cities. These numbers are due to increase in digital transactions after demonetisation.
The above data was analyzed from more than two million rail tickets booked on Paytm over the past year. It was noticed that the in Tier-I cities the price was Rs. 530 while in Tier-II cities it was only Rs. 350. The top preferred routes this summer include New Delhi–Lucknow, Visakhapatnam–Secunderabad, New Delhi–Kanpur, Chennai–Bengaluru, Ahmedabad–Surat, and Pune–Solapur.
Paytm reports, “In recent months, Paytm has witnessed exponential growth in travel with more than 10 million tickets sold in the financial year 2017. Our five biggest Tier-II and Tier-III markets are Ahmedabad, Kanpur, Chandigarh, Varanasi, and Allahabad. This year, the company is aiming to be the country’s largest destination for all travel booking needs”.
Paytm Vice-President said, “At Paytm, we are committed to enabling the most convenient rail booking experience for our users across India, along with customer-centric features like instant refunds, availability alerts and exciting offers like zero service charge and payment gateway fee waiver. Our goal is to make the rail booking process extremely simple and more accessible for every Indian”.
Paytm claims that they are currently India’s largest e-booking platform after IRCTC.