Skift Take
Paytm's move to expand its travel offerings comes after it recorded a successful quarter for flight bookings. Initially started as a financial services company, Paytm has been enhancing its offerings to increase its revenue streams.
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India’s leading financial services company Paytm has partnered with travel aggregators Skyscanner, Google Flights, and Wego to enhance its travel segment offerings.
In the January to March quarter this year, Paytm witnessed a 19% annual increase in flight bookings, while in April, its international ticket bookings increased by 15% year-on-year.
Paytm’s Focus on Travel: Paytm has been focusing on enhancing its travel services recently, including adding features such as guaranteed seat assistance and tatkal bookings (emergency bookings) for its train booking segment.
The company partnered with Samsung recently to offer flight and bus ticket bookings, among others, through the Samsung wallet.
Last year, Paytm also integrated its new distribution capability (NDC) with travel technology solutions company Amadeu