PayPal, the open digital payments company, today announced a tie- up with Oyo Rooms, India’s branded network of hotels.
Speaking on the partnership, Hamish Moline, Regional Merchant Services, PayPal APAC, said, “The Indian e-commerce sector is at a stage where growth is exponential and with this comes increased risk. Growth of new age businesses like OYO Rooms can be further accelerated if they are protected against online payment risks and frauds. PayPal’s technology protects merchants such as OYO Rooms against unauthorized transactions and mitigates associated risks. We are proud to have tied-up with OYO Rooms and look forward to aid their growth through our holistic payments technology in every way possible.”
Abhinav Sinha, COO OYO Rooms, spoke about the partnership, “We are focused on utilizing 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.”
OYO Rooms has disrupted the legacy-driven business of hospitality, creating a sizeable and new market opportunity. Having established its market leadership in India, OYO Rooms recently forayed into South East Asia through launch of operations in Malaysia. The partnership with PayPal will enable Oyo Rooms’ customers across the globe to seamlessly pay for their bookings in Malaysia and other Southeast Asian countries via PayPal.
PayPal constantly works to maintain and enhance the security, reliability and responsiveness of the secure payments platform to allow 179 million active consumers and millions of merchants across 203 markets around the world to pay and get paid with confidence every day. PayPal’s Seller Protection program helps guard merchants from losing money to claims and chargebacks.