Tag Archives: Abhishek Rajan

Under this partnership, all domestic and international accommodations available on Booking.com will now be available on Paytm with unique promotions and offers. The company’s latest partnership will complement its aggressive efforts to tap into this segment while enabling Booking.com to offer its wide assortment of over 1.1 million accommodation options to Paytm’s 200 million strong wallet user base. Commenting on the occasion, Abhishek Rajan, Vice President – Paytm said, “Paytm’s travel marketplace has been focused on offering a seamless experience across the widest range of booking options. Our partnership with Booking.com will help us offer our customers the choice to book from over a million accommodation options across the world at the most attractive prices.” David Peller, Director Strategic partnerships, APAC at Booking.com, added, “There’s never been a more compelling need for digital payments and the removal of friction caused by payments in ecommerce in India. As the world’s leading online accommodation platform, we’re happy to partner with Paytm to enable their customers to effortlessly select the perfect place to stay, anywhere in the world.” The online hotel booking service on Paytm has seen a major uptake in bookings since last year owing to increasing mobile penetration and adoption.

Paytm has partnered with Indian Railway Catering & Tourism Corporation (IRCTC) that will allow Paytm users to book train tickets online on Paytm’s App and website. The flights booking service on Paytm has been growing at 4x rate month-on-month since its launch in May. In line with its vision to build the country’s largest travel booking destination, the company has now launched online train ticket bookings in partnership with IRCTC. Speaking on the partnership, Abhishek Rajan, Vice President, Paytm said, “At Paytm, our endeavor is to solve for every need of a traveller. Our alliance with IRCTC is a major leap as it completes the spectrum of air, road and rail ticket booking solutions available on Paytm. This is a significant milestone in our efforts to build India’s largest travel marketplace.” The Indian travel market has seen exponential growth over the past many years. The Indian travel market is estimated to be worth $40 billion by 2020, according to an IBEF study. Paytm is determined to leverage the power of mobile to fuel this growth.

Registering over 1 million flight and bus ticket bookings on its travel marketplace in August, Paytm will further invest Rs 300 crore on its travel business as it plans to launch new categories and ancillaries owing to its exponential growth. The flight bookings have been driving a 4X month-on-month growth and the company expects twice the growth over the next six months. Paytm’s bus tickets segment recently turned break-even while the hotels section is expected to break-even soon. Abhishek Rajan, Vice President, Paytm, said, “We have seen exponential growth in all categories and will soon offer new services to our customers. Leveraging Paytm’s significant market penetration and strong brand proposition, we hope to grow India’s online travel booking pie by introducing new customers from tier II, III towns and cities to this category.”