Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

Now, Buy Tickets on BookMyShow Using UPI as Razorpay Partners With Entertainment Portal

According to the partnership, Razorpay along with banking partner HDFC has enabled customers to make UPI payments through UPI supported apps that are already installed on people's phones.

News18.com

Updated:October 11, 2018, 10:15 AM IST
facebookTwitterskypewhatsapp
Now, Buy Tickets on BookMyShow Using UPI as Razorpay Partners With Entertainment Portal
Representative image/Reuters
Loading...

New Delhi: Movie lovers and people heading for recreation this weekend can now book tickets online within seconds as payment solutions company Razorpay has announced a tie-up with BookMyShow, enabling users to pay through UPI (Unified Payments Interface).

UPI is a payment mechanism, which allows instant money transfer without the bank or card details. All one needs is a virtual payment address. The payment method is neither affected by bank holidays nor strikes. One can instantly transfer money 24x7, thus, making it popular among user.

According to the partnership, Razorpay along with banking partner HDFC has enabled customers to make UPI payments through UPI supported apps that are already installed on people's phones.

"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. 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," CEO and co-founder of Razorpay, Harshil Mathur, was quoted as saying by ANI.

"We are delighted to collaborate with Razorpay for this UPI integration and are confident that our association will go a long way in delighting BookMyShow users," said VP - Technology, BookMyShow, Viraj Patel.

Having disrupted the digital payments industry over the last three and half years and being the first to support every new mode of payment for businesses, Razorpay is tirelessly working towards solving for other payment challenges in the entire payment journey of any business, small or big.

Currently powering online payments for more than 100,000 small and large businesses such as Airtel, Zomato, IRCTC, GoIbibo, Zoho, DSP Blackrock, Zerodha among others, Razorpay has clocked in a healthy growth rate of 30-35% month-on-month and is geared to increase its merchant count to 2,00,000 by next year. The 2.0 product suite launched last year now contributes to 20% of Razorpay's revenue, the company expects more than 10x growth in volume and revenue by next fiscal year.

In January, Razorpay raised $20 million in funding led by Tiger Global and Y Combinator with participation from Matrix Partners. It is using a significant portion of the proceeds from that to launch new products and strengthen its engineering team.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

| Edited by: Sumedha Kirti
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
Yes Bank 64.10 -1.54
Maruti Suzuki 6,095.05 -0.58
BPCL 382.10 3.62
HDFC 1,988.30 -0.40
Reliance 1,205.70 0.69
Company Price Change %Gain
Maruti Suzuki 6,093.55 -0.61
Yes Bank 64.10 -1.61
ICICI Bank 399.15 -0.36
HDFC 1,988.75 -0.39
Tata Motors 121.85 -0.08
Top Gainers
Company Price Change %Gain
Tata Steel 358.25 3.86
BPCL 382.10 3.62
Vedanta 149.70 2.96
JSW Steel 221.40 2.41
IOC 128.15 2.36
Company Price Change %Gain
Tata Steel 358.05 3.95
Vedanta 149.45 2.68
SBI 280.50 2.41
Bajaj Finance 3,415.05 1.47
NTPC 122.40 1.28
Top Losers
Company Price Change %Gain
Britannia 2,616.95 -2.80
Coal India 192.95 -2.35
ONGC 127.00 -2.08
Eicher Motors 16,030.40 -1.56
Yes Bank 64.10 -1.54
Company Price Change %Gain
Coal India 192.50 -2.58
ONGC 127.00 -2.08
Yes Bank 64.10 -1.61
Bharti Airtel 335.75 -1.21
HDFC Bank 2,186.95 -0.98

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results