Paytm Expands Travel Market Share with Global Travel Partnerships and Robust Travel Solutions

Biznextindia : One 97 Communications Limited (OCL) that owns the brand Paytm, India’s leading payments and financial services company and the pioneer of QR and mobile payments, has announced significant growth in its travel segment, driven by partnerships and innovative travel solutions. The company has partnered with leading global travel aggregators such as Skyscanner, Google Flights, and Wego, reinforcing its commitment to offering comprehensive and seamless travel services to customers. In Q4’24, Paytm maintained its upward trajectory in market share among OTAs, with flight bookings showing a notable year-on-year increase of ~19%, surpassing the industry’s growth rate of around ~3%. This growth is further underscored by a ~15% year-on-year rise in international ticket bookings in April, showcasing Paytm Travel as the preferred destination for competitive prices and seamless services in travel bookings. This highlights the trust and confidence customers place in Paytm for their travel needs. As the second-largest OTA in train bookings, Paytm continues to enhance customer experience with new features such as guaranteed seat assistance, and easy tatkal bookings, making train travel more convenient and accessible for all users. Paytm has also witnessed growing preference among travelers, including those from small cities and towns, for their commuting needs.