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After a contract with Samsung India, Paytm shares have increased by nearly 5%; see details
Jun 13, 2024 06:26 pm

Divya Delhi: After announcing a partnership with consumer electronics giant Samsung, One 97 Communications, the company that runs the Paytm brand, saw a boost of more than 5% in its shares on Thursday. On the National Stock Exchange, the stock was up 5.68% to ₹425.35 per share (NSE). On the BSE, it increased by 5.67% to ₹425.50. Paytm announced in an exchange filing that Samsung, in association with One 97 Communications Limited, has begun offering movie, travel, bus, and event ticket buying on Samsung Wallet. "The partnership aims to enhance consumers' convenience by offering a seamless, integrated booking experience directly through the Samsung Wallet, facilitating access to a wide range of services through Paytm," the business stated. 'Add to Samsung Wallet' allows users of Galaxy smartphones who book events, movies, and trips using the Paytm app to add their tickets straight to Samsung Wallet. "Since its release in 2017, Samsung Wallet has been a well-liked mobile tap-and-pay option in India, continuously changing. In partnership with Paytm, we are thrilled to provide additional functionalities on Samsung Wallet," stated Madhur Chaturvedi, Senior Director, MX Business, Samsung India. Users of Samsung Wallet can update their software via the Galaxy Store to take advantage of the new feature.