IRCTC is India’s largest ecommerce site and the site contributes ~14% to Indian railways revenue. The failure rate for IRCTC transactions hovers around 25% and among the credit/debit cards, ICICI turns out to be the best performer (79.55% success rate), followed by HDFC.
In total, IRCTC witnessed 11530099 transactions out of which 8652518 were successful (i.e. 75% success rate).
- Failure rate for Credit/Debit card transactions were 24%
- Failure rate for Net Banking transactions were 32% (Rajasthan Bank leads the race with 59% failure rate).
- As far as cash cards are concerned, failure rate stood at 13%.
Given the recent fiasco over ccavenue hacking, do you think it will impact the ecommerce business in India? After all, ecommerce is a lot about trust and convenience – and both of these aspects aren’t being fulfilled by the existing players.
Also see: IRCTC banner ad rates