indian railways catering and tourism corporation irctc has partnered with the cashe to offer a travel now pay later tnpl payment option on its travel app irctc rail connect this announcement was made via a press release issued on october 19 2022 as a result passengers using indian railways will be able to promptly reserve their rail tickets and pay for them using affordable emis that last between three and six months millions of travellers on the indian railway will now find it simpler and less complicated to purchase train tickets on the irctc travel app thanks to cashes tnpl payment option stated the press release emi paymentthe emi payment option will be available on irctc travel apps checkout page for passengers booking their reserved and tatkal tickets cashes tnpl emi payment option offers a seamless user experience by automatically qualifying all users to avail the tnpl facility without any documentation stated the press release what is travel now pay later tnpl is the travel version of buy now pay later scheme wherein you purchase merchandise and pay for it through emis it is essentially a loan or credit you are taking while booking or taking a trip and staggering the payment for the samethe online travel aggregators or other travel firms either tie up with banks fintech companies loan apps and thirdparty lenders or offer credit through their own fintech arms you can even approach the banks or thirdparty lenders directly for availing of the scheme you can either pay partially or not at all while booking and do so later in a specified duration you can avail of nocost emis or pay an interest rate on the borrowed amount depending on the quantum of funds and the duration for which you are taking the loan stated a recent economic times news report also read travel now pay later how it works options and limitations should you opt for it