PANJIM: Konkan Railway (KR) has begun cashless collection of excess fare from Wednesday. KR Corporation Limited (KRCL) has tied-up with State Bank of India (SBI) to do away with physical cash collected by Train Ticket Examiners (TTEs).
TTEs are equipped with SBI’s YONO Merchant App, which is an android based app, which is installed in the TTE’s handset. TTEs are authorised to accept digital payment through QR code generated in the YONO App, instead of collecting cash from passengers towards excess fare tickets. On successful transaction, the excess fare ticket will be issued to passengers in the train.
