News about the Paytm Samsung partnership: One 97 Communications, the business that runs Paytm, a payments and financial services distribution platform, and Samsung, a consumer electronics brand, have partnered to offer airplane, bus, movie, and event ticket purchases on Samsung Wallet.
Paytm Stock Soars 9%: Samsung Partnership Boosts Fintech Firm Growth
Current price of Paytm shares NSE and Paytm partnering with Samsung: On Thursday, June 13, One97 Communications’ stock surged 9% on D-Street following Samsung’s announcement that it will be collaborating with a payments and financial services distribution company to offer travel and entertainment services through Samsung Wallet in India.
In morning trade on the NSE, the stock surged 9% to the day’s peak of Rs 439, maintaining gains for the third straight day. Paytm’s stock ended trading at Paytm’s stock ended the day at Rs 432.9, up 7.55% on the NSE.
Samsung electronics Samsung Partnership Boosts Fintech Firm Growth
Samsung, a consumer electronics business, has partnered with One 97 Communications, the company that distributes financial services and payments through Paytm, to offer airplane, bus, movie, and event ticket purchases using Samsung Wallet.
According to the release, the alliance intends to improve customer convenience by providing a smooth, integrated booking experience straight through the Samsung Wallet and making a variety of services accessible through Paytm.
With the ‘Add to Samsung Wallet’ feature, Galaxy smartphone users who purchase flights, buses, and movies through the Paytm app and events through the Paytm Insider app may now add their tickets straight to Samsung Wallet. They will be able to easily access these in order to enter airports thanks to this. bus stops, movie theaters, gathering places, etc. “it continued.
Samsung, a consumer electronics business, has partnered with One 97 Communications, the company that distributes financial services and payments through Paytm, to offer airplane, bus, movie, and event ticket purchases using Samsung Wallet.
By providing a smooth, integrated booking experience straight through the Samsung Wallet and enabling access to a variety of services through Paytm, the alliance seeks to improve consumer convenience, according to the release.
With the ‘Add to Samsung Wallet’ feature, Galaxy smartphone users who purchase flights, buses, and movies through the Paytm app and events through the Paytm Insider app may now add their tickets straight to Samsung Wallet. They will be able to easily access these in order to enter bus terminals, airports, and for its role as a producer of general insurance products, as a “General Insurance Company”.
In an additional filing dated June 12, the business stated, “We have been further informed by PGIL that its request for withdrawal of the aforementioned application has been accepted by IRDAI vide letter dated June 12, 2024.”
Account opning link:
- Groww Account- https://app.groww.in/v3cO/kyrp1zph
- Kotak neo Account https://kotaksecurities.ref-r.com/c/i/32531/109103906
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