Paytm had a rapid growth in expanding their services and reach to the users since a year. At the initial stage, it started its services with Mobile recharges and bill payments. Later it has expanded its service to various online services pushing themselves to Wallet payments in offline too. Even enabling Kirana store and an Auto Rickshaw owner to collect their payments from customers.
Paytm last week had announced booking of Train tickets for Indian Railways could be done through Paytm Website or its Mobile App. This is made possible when Paytm has made an alliance with the Indian Railways Catering and Tourism Corporation (IRCTC).
In recent past, Paytm is the largest mobile payment and a commerce platform which has made an exponential growth in its Travel market. Business in its bus tickets booking category has turned break-even. Besides, the Hotel rooms booking has to gain some profits. The Flight booking for Paytm is growing in 4x rate from month-to-month when launched in May.
Its future vision is to build the largest travel booking across the country through its services. So it has launched train tickets booking partnering IRCTC.
Abhishek Rajan, Vice President, speaking about the partnership said, “ At Paytm, our endeavor is to solve every traveler’s need. Things are to be made pretty easy for our customers to save their time and effort. Paytm alliance with IRCTC is a major leap as it totally completes the spectrum of the road, air and rail ticket booking solutions available on Paytm. This is our significant milestone in our efforts to build India’s largest travel marketplace. ”
Paytm made it possible to book tickets concerning to any mode of transport with its Website and App. Its reach to the customers made it as the country’s largest travel booking service.
It is estimated to be worth of $40 billion by 2020 for the Indian travel market, according to the study of IBEF. By the power of Mobile Paytm will leverage its growth.