PAYTM EXPANDS TRAVEL MARKET WITH GLOBAL PARTNERSHIPS
The Business Guardian|June 25, 2024
We have announcedsignificant growthin the travel segment, driven by partnerships and innovative travel solutions
PAYTM EXPANDS TRAVEL MARKET WITH GLOBAL PARTNERSHIPS

One 97 Communications Limited (OCL), the parent company of Paytm, has established partnerships with key global travel meta platforms such as Skyscanner, Google Flights, and Wego, bolstering its presence in the travel sector. Through these integrations, Paytm now provides a wide array of travel choices, competitive prices, and streamlined booking processes. In Q4 2024, Paytm reported a 19% year-on-year growth in flight bookings, surpassing the industry’s average growth rate of 3%.

This upward trend in market share highlights Paytm’s growing influence in the travel market. The company also reported a notable 15 per cent year-on-year increase in international ticket bookings in April, solidifying its reputation as a preferred travel booking platform for competitive prices and seamless services.

As the second-largest online travel aggregator (OTA) for train bookings in Q4’24, Paytm continues to enhance its customer experience with innovative features.

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