OYO Rooms taps PayPal for overseas transactions
Monday, 09 Mar, 2016
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Digital payments platform PayPal has teamed up Indian hotel aggregator OYO Rooms to process its international transactions.
PayPal users will be able to pay for bookings while partner hotels have an extra layer of merchant protection against unauthorised payments, PayPal said.
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"Growth of new age businesses like OYO Rooms can be further accelerated if they are protected against online payment risks and frauds," said PayPal Asia Pacific regional merchant services vice president Hamish Moline.
OYO Rooms, which aggregates hotels in the budget segment, recently expanded to Malaysia and South East Asia.
"We are focused on utilising technology to enhance guest experience and solve customer problems. This tie-up with PayPal will assist us in delivering a seamless payment experience through reduced friction during payment process. PayPal is a global leader in payments and we look forward to their network supporting our growth," Abhinav Sinha, COO of OYO Rooms said.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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