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OYO Rooms ties up HDFC Bank for payment solution

OYO Rooms planning to launch training facility in Gurgaon to train 1 lakh people- mybigplunge


OYO Rooms ties up HDFC Bank for payment solution

In a move that would enable customers to directly link their debit and credit card to PayZapp and book, hotel room aggregator OYO has announced a tie-up with HDFC Bank for its payment solution on its consumer app.

Ritesh Agarwal , the founder and CEO of OYO, said, “OYO is committed to making the hotel booking process seamless and hassle-free. The app now drives over 60% of our bookings. We have received positive customer feedback on the tie-up with PayZapp and how it complements the three-tap booking experience currently offered by the OYO app.”

With PayZapp, users do not need to preload money each time they transact – and can thereby access a convenient and secure way of payment.

Parag Rao, the country head, marketing of HDFC Bank, said, “Our customer base is highly evolved in the online travel booking segment and we have witnessed a very enthusiastic response to the booking and payment experience through OYO.”

OYO has recently announced hotel content deal with UK-based travel commerce platform Travelport under which 6,000 hotel properties offered by OYO will be made available to Travelport users.

OYO is present in over 180 cities and has 6000 hotels in its network. It is backed by the world’s leading investors including the SoftBank Group, Greenoaks Capital, Sequoia Capital and Lightspeed India.

India’s largest branded network of hotels, OYO has partnered with IRCTC, Airtel, Samsung, Lenovo, Biotique, Cleartrip, Itzcash, FreeCharge, Mobikwik, Peppertap and Grofers to deliver a seamless and standardised experience to guests.

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