Skip to main content

Paytm to challenge existing players in hotel, travel space

Paytm, which recently raised $1.4 billion from SoftBank, is set to challenge existing players in the space of movie ticketing, travel and hotels, offering deep discounts to lure customers.

For this purpose, Nitin Misra, head of products for Paytm's core payments business, has also been transferred to lead the hotels and packages segment. Misra, who was earlier associated with Airtel, is holding talks with stakeholders in the online hotel business, including internet-based startups in the hospitality space. Paytm is setting separate and bigger budgets for these businesses, with a stress on discounting and marketing so that it can garner shares from players like MakeMyTrip, BookMyShow, Oyo Rooms and others.

 "After two years as head of payment products, Nitin is now looking forward to setting up the hotels and packages vertical in Paytm," a Paytm spokesperson confirmed.


Popular posts from this blog

The World’s Biggest Hotel With 10,000 Rooms To Open In Saudi Arabia

Saudi Arabia is all set to built the world’s biggest hotel by 2017. Abraj Kudai hotel is planned to be located at the Manafia area in Makkah’s central zone, only 2.2 km south of the Holy Haram in Makkah, Kingdom of Saudi Arabia

NEWS | Grand Hyatt Mumbai is pleased to announce the appointment of Shubham Chandra as Hotel Manager

EXCLUSIVE INTERVIEW | Manish Dayya, Area General Manager – Accor Hotel’s – Lavasa Hotels & Convention Centre