Konkan Railway starts cashless collection of excess fare

 Konkan Railway starts cashless collection of excess fare
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Udupi, Oct 21, 2021: Konkan Railway Corporation Limited (KRCL) and State Bank of India have joined hands to do away with monetary transactions in the form of hard physical cash collected by Train Ticket Examiners (TTEs).

This is a major initiative towards transforming Konkan Railway into a digitally enabled and cash-less organization.

TTEs are equipped with State Bank of India’s YONO Merchant App, an android based app, installed in the handset. TTEs are authorized to accept digital payment through QR codes generated in the YONO App, instead of collecting cash from passengers towards Excess Fare Ticket.

Passengers will be requested to scan the QR code and make payment through any of the digital modes viz BHIM, Paytm, Google Pay, Phone Pay, etc.

On successful transaction, Excess Fare Ticket will be issued to passengers on the train. The use of this application will reduce the cash handling by Train Ticket Examiners.

The application was launched during a function held on October 20 at Ratnagiri.

Rajesh Bhadang , Director (Finance), L. K Verma, Chief Commercial Manager, Matthew Philip, FA&CAO, Upendra Shendye, Regional Railway Manager- Ratnagiri, and State Bank of India officials Swapan Ghosh, Chief Operating Officer, Amit Raj, Vice President, and Satish Naik, AGM were present.

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