Paytm, today has revealed that it has made a strategic investment in the Rajkot based bus ticketing solutions provider Infinity Transoft Solutions.
While as of now, the company did not disclose the investment details, according to the report.
Paytm entered the online bus ticketing space in the year 2015 and as of now offers the bus tickets across more than 62000 routes via its integrations with more than 2000 private bus operators.
“We are excited to announce our strategic association with Infinity. This partnership will help us bolster our payments and ticketing technology solutions for bus operators and enable us to provide a more seamless booking and post-booking experience to our growing base of online bus ticketing customers,” Paytm Senior Vice President Abhishek Rajan said in a statement.
“With this investment, we will be able to rapidly develop travel-focused tech products and expand our footprint pan-India. We aim to make bus operator profitable by using artificial intelligence, which will result in better operational efficiency and better facility will be provided to passengers,” Infinity co-founder and Director Rajiv Dhamsania said.
