PhonePe has tied up with GoIbibo to provide flight booking in-app. PhonePe already has a tie-up with GoIbibo for hotel booking. This helps the Flipkart-owned payments app compete with Paytm in flight booking, albeit with the help of an outside aggregator. PhonePe has an ‘Apps’ section in its app which has a lightweight version of outside partner apps like Ola and redBus. This essentially expands the arrangement PhonePe has with MakeMyTrip, which owns GoIbibo.
Recent PhonePe moves
Earlier this month, PhonePe published a blog post supporting the contentious idea of data localisation. Foreign firms trying to evade the Reserve Bank of India’s localisation mandate were trying to escape tax liability, PhonePe said.
- The company announced a deal this month with gateway PayU to appear as an option on the list of payment methods on PayU checkout.
- PhonePe processed 2 million offline transactions in August, and acquired hyperlocal PoS platform Hopper Retail in the previous month.
- PhonePe also announced a deal last month with IRCTC to appear as a payment option on the Rail Connect app.
- In August, Flipkart Payments infused Rs 451.66 crore into PhonePe. Prior to that, it invested Rs 518 crore in PhonePe. The investment is part of the $500 million commitment Flipkart made to invest in PhonePe last year, in addition to the $75 million funds infusion it made since acquiring PhonePe in 2015.