Session Moderator

1
Panel Discussion
Prepaid Payment Instruments -Implementation
Challenges

• Session Moderator
• Sanjay Aggarwal
• General Manager/Operations
• IRCTC

2
Discussion Points

• Guidelines by RBI

• If Prepaid is Best Instrument for
• Financial Inclusion/Micropayments ?

• Prepaid Cash to Cashless Society

• Prepaid as US 20 bn Industry in
• 5 years ??

3
IRCTC

• In Business of Online Rail Ticketing
• Booked more than 6 Million Tickets or 12 Million
  Passengers in July 09
• Peak Tickets More than 2,62,000 in single day
• Average Tickets per day 2 Lakhs
• Total Revenue in - July 09 gt 500 Crore
• Total Revenue in 2008-09 gt 4000 Crore
• Average Ticket size in around Rs. 850
• Registered Users more than 10 million
• More Number of Non-AC Passengers (60)
• (Still 25-30 of Indian Railways)

4
Share of Payment Instruments

• Credit Cards 31
• Net Banking 32
• Non-Banking 37
• (37 has 2 Major Sub-headings)
• 21 Cash Cards
• 16 RDS

5
Meaning of 21 Share of Cash Cards

• Around 40,000 transactions per day
• or
• 12 Lakh transactions in a month
• Around 3.5 Crore worth transactions per day
• or
• More than 100 Crore transactions per month

6
Issues with Banks

• Proliferation
• Technological Issues
• Operational Issues

7
THANKS !