Samsung entered into partnership with Paytm to integrate travel, entertainment services to its wallet in India. Check how will it benefit galaxy users.
Online food delivery platform Zomato said on Sunday that it is in talks with Paytm to acquire the financial technology company’s movies and events business.
In a regulatory filing, Zomato said while it is in discussions with Paytm, no binding decision has been taken yet.
“We acknowledge that we are in discussions with Paytm for the aforementioned transaction, however, no binding decision has been taken at this stage that would warrant a board approval and subsequent disclosure in accordance with applicable law,” Zomato said.
The company’s filing was clarifying reports that it was in talks to acquire Paytm’s movies and ticketing business.
“The above discussion is being undertaken with an intent to further strengthen our going-out business and is in line with our stated position of focusing only on our four key businesses currently,” it said.
Samsung Partners With Paytm
Consumer electronics brand Samsung has partnered with Paytm parent One97 Communications Ltd to integrate travel and entertainment services to Samsung Wallet in India.
Through the partnership, users of Samsung Galaxy smartphones can access Paytm’s suite of services, including flight and bus bookings, movie ticket purchases, and event bookings, through the digital wallet.
Galaxy users using the Paytm and Paytm Insider app can add their tickets directly to Samsung Wallet using ‘Add to Samsung Wallet’ functionality, a company statement said on Thursday.
“With the Paytm app being the go-to destination for travel and event bookings for millions of Indians, its partnership with Samsung opens new avenues for users to access its services, in line with its efforts to drive further convenience,” it said.
How Will It Benefit Galaxy Smartphone Users?
Samsung Wallet users can avail of the new services by updating their app through the Galaxy Store.
“These features allow Galaxy smartphone users to easily purchase bus and airline tickets, as well as movie and event tickets, without needing to switch between multiple apps.
“Furthermore, users can access these tickets simply by swiping up on their Galaxy smartphone’s home screen,” Madhur Chaturvedi, Senior Director, MX Business at Samsung India, said.
(With Inputs from PTI)