Paytm expands travel market share with partnerships with global companies

Paytm reported the company has witnessed a growth in its travel market share in the fourth quarter of the financial year 2024, with Paytm Flight flown passengers witnessing a growth of 19% compared to the industry growth of about 3%. Additionally, the company saw a 15% year-on-year rise in international ticket bookings in April, it said.

The company also stated that it was the second-largest online travel aggregator (OTA) for train bookings during the quarter. Paytm offers features such as guaranteed seat assistance and easy tatkal bookings.

Paytm said that the recent NDC integration with Amadeus has seen the introduction of the first two airlines on the NDCx — Singapore Airlines and Qatar Airways as well as the onboarding of Eva Airways. The integration makes use of artificial intelligence capabilities to offer tailored travel options to enhance the booking experience.

Further, the company has on-boarded new flight carriers including Cambodia Angkor Air, SalamAir, and FlyDubai.

The company reported that it has seen a rise in train and bus bookings after the introduction of a free cancellation service. The platform now hosts new bus operators including Mettur, it said.

Earlier, Samsung had partnered with Paytm to bring travel and entertainment services to Samsung Wallet in India. Samsung Wallet users will have seamless access to Paytm’s flight, bus, movie and events booking service, the firm stated.

Paytm is a mobile payment and financial services distribution company. Shares of the firm have declined by nearly 37% since the beginning of the year. The stock has lost over 51% in the last one year.