PayPal extends merchant partnership with MakeMyTrip
MUMBAI: Payments platform PayPal has extended its merchant partnership with online travel agency MakeMyTrip to facilitate hotel and holidays booking in addition to airline tickets. MakeMyTrip has 34,000 hotels across India and 240,000 hotels internationally and will be using the automated invoicing feature of PayPal for bookings.
The facility will allow automatic transfer of invoices to customers by an email along with a link that can be followed to complete payment through PayPal.
"We are delighted to further our partnership with MakeMyTrip and ensure a hassle-free hotel booking experience for our foreign guests in India. PayPal strives to be the ideal companion for travelers across the globe and the businesses in the travel and hospitality industry," said Megha Thareja Tyagi, Director, Large Merchants at PayPal India.
"As a leading player in the online travel segment, we have seen the online hotel market explode thanks to increasing mobile penetration and adoption, especially for last-minute hotel bookings. We have made aggressive efforts to tap into this segment and are hopeful that the partnership with PayPal would help in addressing the element of safe and secure transactions, one of the biggest barriers in the consumer's mind while booking a hotel online," said Mohit Gupta, COO –Hotels & Holidays at MakeMyTrip.
PayPal is also looking at furthering its offerings in India through the travel space. "The segment that is most important to us right now where we're seeing most pain coming from is the travel and tourism sector. Travel agents don't have enough avenues to accept payments and that's one segment where we are seeing that they've been most receptive to PayPal. It's one of the most important verticals for us and MakeMyTrip is not the only one; there are lot of others that we are working (on in that space)," Tyagi told ET.
The facility will allow automatic transfer of invoices to customers by an email along with a link that can be followed to complete payment through PayPal.
"We are delighted to further our partnership with MakeMyTrip and ensure a hassle-free hotel booking experience for our foreign guests in India. PayPal strives to be the ideal companion for travelers across the globe and the businesses in the travel and hospitality industry," said Megha Thareja Tyagi, Director, Large Merchants at PayPal India.
"As a leading player in the online travel segment, we have seen the online hotel market explode thanks to increasing mobile penetration and adoption, especially for last-minute hotel bookings. We have made aggressive efforts to tap into this segment and are hopeful that the partnership with PayPal would help in addressing the element of safe and secure transactions, one of the biggest barriers in the consumer's mind while booking a hotel online," said Mohit Gupta, COO –Hotels & Holidays at MakeMyTrip.
PayPal is also looking at furthering its offerings in India through the travel space. "The segment that is most important to us right now where we're seeing most pain coming from is the travel and tourism sector. Travel agents don't have enough avenues to accept payments and that's one segment where we are seeing that they've been most receptive to PayPal. It's one of the most important verticals for us and MakeMyTrip is not the only one; there are lot of others that we are working (on in that space)," Tyagi told ET.
