One97 Communications* incubated, online payments site, Paytm, has launched a ticket bookings at tickets.paytm.com. The site has launched with bus tickets, and allows users to search and buy bus tickets across offline and online bus operators, within the site. Paytm claims to offer bus tickets across 10,000 different routes and more than 600 operators. Speaking with MediaNama, Harinder Takhar, CEO of Paytm, informed that the site is not acting as an affiliate and has inked agreements with various operators through which it's able to get access to their inventory, and offer bus tickets. Initially, tickets from online operators including RedBus, TravelYaari and others were being made live, but tickets from offline operators were also being rolled out gradually, he added. The site uses an algorithm to return relevant results keeping in consideration factors like presence of seats, accessibility, duration of the journey and others. Paytm also plans to include user ratings in that algorithm. Takhar said that the company will add new features to the site, every fortnight, till 31st January 2013, when it expects to complete integration of all features; the early launch was done with an intent to coincide with Google's online shopping festival. - On Monetization: Paytm's essentially acting as another sales front for agents, and it gets commission on every ticket sold by it. Takhar refused to disclose the revenue share but said that it was much higher than recharges and that the minimum share in terms of percentage was in higher single digit. - On Differentiation: Takhar stated that…
- What is Google’s new plan to combat misinformation on its platforms in India? December 7, 2022
- Truecaller claims its government digital directory may tackle phone call scams in India December 7, 2022
- Platforms Responsible For Algorithmic Recommendations: Amicus Brief in U.S. Safe Harbour Case December 7, 2022
- Everything you need to know about Indian Central Bank’s CBDC project— digital rupee December 7, 2022
- Final Call: Reworking The Data Protection Bill, Delhi, 8th December December 7, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
New bill narrows focus over predecessors that went heavy on data sovereignty, localisation and compliance. What explains this change?
The Structure and Style of a Dogma Community: Conspiracy theories and organized Twitter engagement on Sushant Singh Rajput
Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...