Amazon Pay and MakeMyTrip India, a wholly-owned subsidiary of Nasdaq-listed MakeMyTrip Ltd, have declared an imperative partnership providing travel services on Amazon.in on a long-term basis. The booking options will be available across Amazon’s mobile app and website.
The partnership is expected to support Amazon Pay provide value to its customers with access to MakeMyTrip’s travel offerings. Rajesh Magow, co-founder and Group CEO of MakeMyTrip, said, “There is an accelerated digital shift happening as a result of the pandemic and through this partnership, we look forward to making travel bookings extremely convenient for new adopters, thereby increasing the online penetration of travel bookings.”
Mahendra Nerurkar, CEO & VP, Amazon Pay India, added, “Our partnership will benefit our customers, allowing them to choose from the offerings and services across the country, followed with the ease of using Amazon Pay, facilitating a seamless journey.”
MakeMyTrip will extend its distribution via Amazon Pay’s large customer base, especially in smaller cities and towns and stimulate online booking of travel services across the country. Amazon Pay strives at smoothening the booking and travelling experience for customers, increasing the availability of making online purchases from anywhere to anyone immediately.
Amazon Pay which has a co-branded credit card with ICICI Bank, will also let customers receive cashback rewards on bookings, and with Amazon Pay Later, customers can book tickets and pay next month with no interest.
Customers can also use various payment modes on Amazon Pay, including Amazon Pay Balance & Amazon Pay UPI to make their payments frictionless. Booking of bus services via Redbus is already live on Amazon.in. Other travel services powered by MakeMyTrip will be going live in the next few months.
India’s online travel services market is expected to reach $56 billion by 2024 with MakeMyTrip, Airbnb Inc., Cleartrip Pvt. Ltd., and Yatra Online Inc, the key players in the segment Technavio, a technology research firm.