BookMyShow has partnered with payment solutions firm Razorpay in order to give customers the ability to buy tickets through UPI.
UPI, or Unified Payments Interface, is an instant real-time payment system developed by National Payments Corporation of India facilitating inter-bank transactions.
“In the last few months, we’ve witnessed how UPI has radically transformed payment experience for both consumers and businesses and we believe that this partnership will help simplify payments for BookMyShow, which handles huge transaction volumes every day,” said Harshil Mathur, chief executive and co-founder, Razorpay.
“The vision and true essence of a cashless economy can be realised when we can successfully facilitate digital payments for the masses, for day-to-day services.”
The FinTech firm has enabled customers to make UPI payments through supported apps that are already installed on their Android phones.
Razorpay powers online payments many businesses, including GoIbibo, Yatra, Zomato, IRCTC, Zoho, DSP Blackrock, Zerodha among others.
Viraj Patel, vice president of Technology at BookMyShow, said: “BookMyShow’s integration with UPI will definitely help us increase engagement with both – potential users who are not yet aligned to any digital payment method but have a smartphone, a mobile internet connection and a bank account and our existing users, who already engage with varied digital payment methods, but can now use UPI to enable faster, more convenient and secured checkouts.”
Image: mohamed hassan