Shares of Route Mobile surged as much as 14 percent to hit a 52-week high of Rs 1,798.70 on the National Stock Exchange (NSE) after the company informed that it has inked a pact with Billeasy to enable WhatsApp-based ticketing for Nagpur, Pune, Hyderabad, and Delhi metro(s).
With this, Route Mobile has become the largest enabler for such services in India. Over 75 lakh commuters use these metros every day.
In order to purchase tickets, customers will have to visit the official WhatsApp account of the respective metros, choose the stations, and make the payment.
Upon successful completion, the user will receive the tickets as a WhatsApp message in the form of a link that will open the QR ticket which they can present at the time of entering the station and complete their journey.
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Route Mobile first launched this service for Delhi Metro in the second half of 2023. Now, they have enabled this service for three additional cities – Nagpur, Pune, and Hyderabad. Currently, 15 cities in India have active metro services, and Route Mobile has already enabled this solution for four of them.
Route Mobile is a cloud communications platform. It is an SMS aggregator that functions as an intermediary between a customer and the mobile network operator. It provides input interfaces to customers to send messages, collects those messages, and sends them to operators for delivery.
At 2:35 pm, Route Mobile shares were trading 14.5 percent higher at Rs 1,751.85 on NSE. With today's 14 percent spike, the stock has turned positive year-to-date. In the last one year, the stock has risen 9 percent, underperforming benchmark Nifty 50, which surged 25 percent during this period.
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