PhonePe announced its partnership with OYO that will make it easier for OYO users to book a room through the PhonePe app. As a part of this strategic tie-up, users will be able to book over 125,000 exclusive rooms, currently part of OYO’s chain of hotels across India through the PhonePe app.
This partnership is another step forward for PhonePe towards creating an open payments ecosystem, enabling businesses of all sizes to build and upload their apps on its platform and take their offerings to a 100M+ PhonePe users. With both the companies already catering to a large user base, this partnership will lead to large-scale implementation for hotel bookings in India. It will also enable OYO to over 100 million PhonePe users.
Commenting on the partnership, Rituraj Rautela, Head In-App Platform, PhonePe said, “OYO is one of the fastest growing unicorns in India that has transformed hotel and room bookings for Indian travellers. We are excited to have them as one of our early partners to build an open payments ecosystem, connecting our partners and PhonePe users. The tie-up would enable all our users to access OYO’s quality offerings across 160 cities in India while maintaining the convenience and security of their payments through PhonePe.’’
Burhanuddin Pithawala, VP - Conversions, OYO Hotels, said, “OYO Hotels is committed to its mission of creating beautiful living spaces and while driving hassle-free experience for travelers through a seamless booking and payment process. We have been consistently working towards providing best in class hotel experiences to our consumers across the country. This partnership with PhonePe will help us reach new customers while enhancing the experience of our existing user-base.”
PhonePe has already partnered with redBus, Goibibo, Ola, Delhi Metro, and Mumbai Metro for its in-app platform and is seeing excellent customer traction as a result of these partnerships.