New Delhi, Feb 23: Car rental company Zoomcar on has declared its alliance with the country's largest smartphone based financial services platform Paytm on Friday.
Other platforms of the self-drive car rental company namely PEDL, renting cars and ZAP would also be incorporated in this partnership.
This alliance between the two companies is aimed at providing a seamless experience to They also intend to reach out to a mass audience through the Paytm.
COO of Paytm, Kiran Vasireddy said, "we are excited to partner with Zoomcar to power seamless payments for its self-drive car rental and cycle sharing services. A self-drive service like Zoomcar provides several environmental benefits as compared to vehicle ownership. Paytm is committed to drive adoption of digital payments in transportation domain in India and this use case is another step in achieving this goal."
CEO and co-founder of Zoomcar, Greg Morancsaid, "I'm thrilled to announce today a truly 360-degree partnership between the Zoomcar and Paytm teams. Through Zoomcar, Paytm gains an even stronger hook into the high transaction mobility space. With Paytm, Zoomcar can now tap into India's largest commerce platform across different verticals to help further expand our industry-leading self-drive mobility platform. Together, we're dramatically improving the customer experience."
At present, Zoomcar has an independent payment system with Paytm in which all transactions are processed through Paytm payment solutions.
The cycle sharing service PEDL by Zoomcar has a high frequency and varying value where Paytm payment solutions make it convenient for users to reach a mass audience.
PEDL will add over one lakh cycles over the course of one year across 15+ cities.
With Paytm on self-driven cars, clients now have an lenient access to money return as the value is reimbursed within a few seconds.