Posted at www.pluggd.in
23% Failure Rate for IRCTC Transactions in Jan 2010
By manish
IRCTC has clocked a total of 6547581 number of successful transactions in the month of January 2010.
In total, there were 77% successful transactions across all the payment categories.
As far as total transactions are concerned, 23% is a huge failure rate and questions the efficiency of payment gateways.
- 73% success rate for credit/debit cards, 71% success rate for Net Banking, while Cash Cards drive the maximum ratio – 82%.
- Interesting to note that debit cards/net banking ruled the transactions (39.7%), followed by Credit cards (26.9%) and Cash Cards (13.1%)
- Among the cash cards, Itz Cash cards constituted 76% of the transactions, followed by I Cash and Done card.
Download the Jan data from here.
If IRCTC has 77% success rate, imagine what ecommerce startups go through.
The average U.S. Internet user spends more time on Facebook than on Google, Yahoo, YouTube, Microsoft, Wikipedia and Amazon combined. Think about that for a moment.
“When faced with two choices, simply toss a coin. It works not because it settles the question for you, but because, in that brief moment when the coin is in the air, you suddenly know what you are hoping for.” [
Jeetu Mirchandani