Akshata Sharma
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Shares of Paytm's parent entity One97 Communications Ltd on Thursday (June 13) extended its gains for another trading session by nearly 6% after it announced partnership with Samsung Wallet for flight, bus, movies and event ticket bookings
At 10:20 AM, Paytm's shares were trading at INR 428.20 on the BSE, marking a 6.3% increase from the previous close of INR 402.6.
The partnership aims to enhance consumer convenience by offering a seamless booking experience through Samsung Wallet, facilitating access to a wide range of services through Paytm, the fintech major said in an exchange filing.
With this partnership, Galaxy smartphone users can access Paytm's services, including flight, bus, movies and event bookings, all integrated within the Samsung Wallet.
Users can add their tickets directly to Samsung Wallet using the 'Add to Samsung Wallet' feature, allowing convenient access to airports, bus terminals, cinemas, and event venues.
As per the filing, with Samsung Wallet, users can access multiple services such as tap and pay, UPI payments, bill payments, boarding passes, travel tickets, movie tickets and event tickets.
"By combining Samsung's cutting-edge technology with Paytm's wide-ranging services, we are making it easier than ever for consumers to manage their bookings and payments through a single unified platform," a Paytm spokesperson said.
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