Idea Money partners with OYO to enable seamless hotel-booking for users

  • Idea Money’s Retailer Assisted Model (RAM) will assist mobile phone users to access and book OYO’s budget hotels
  • Users can book standardized, affordable stays offered by OYO across 200 Indian cities

Mumbai, June 6th, 2017: Idea Money, the instant, safe and secure digital wallet service from Idea Cellular, today announced an exclusive partnership with India’s largest hospitality company OYO to offer standardized affordable stays through its Retailer Assisted Model (RAM) via Idea Money retailers. The partnership aims to support Idea Money customers with limited or no internet access, to book hotels online with OYO at their nearest Idea Money Retail store.

This collaboration will allow users to seamlessly book an OYO across 200 cities in India for their leisure, pilgrimage and business travel needs. Every OYO comes with a promise of air-conditioned, spacious rooms, free WiFi, complimentary breakfast and round the clock customer care. Idea’s network coupled with OYO’s network spread ensures that this collaboration benefits both retailers and end customers.

Leveraging OYO’s presence across 7000+ hotels in 200 cities, the Idea Money Retailer Assisted Model (RAM) will enable Idea Money retailers to access OYO and assist customers to view, select and book hotels online at a pocket-friendly cost. Customers will have access to multiple choices in the standardized hotels that OYO offers across the country.

Additionally, Idea Money through its Retailer Assisted Model (RAM) and a network of 2 million Idea retailers will enable OYO to extend its standardized offerings to Tier 3 and Tier 4 markets. The digital wallet service is currently being offered by IMCSL (Idea M-Commerce Services Ltd), a subsidiary of Idea Cellular.

Commenting on the partnership, Mr. Sudhakar Ramasubramanian, Designate CEO, Aditya Birla Idea Payments Bank said “We are happy to partner with OYO and add yet another service offering to our portfolio under the Idea Money Retailer Assisted Model (RAM). This partnership is aimed at simplifying the hotel booking process for our customers and bring more online services to our offline customers. With this partnership, Idea Money through its RAM model, further empowers its retailers by providing a comprehensive suite of offerings that help the customer enjoy a delightful experience at all times.”

Commenting on the partnership, Mr. Abhinav Sinha, COO – OYO, said “Our mission is to provide a hassle-free stay experience to customers wherever they may want to travel. Our network is spread across 200 cities including all major metros, regional commercial hubs, leisure destinations, and key pilgrimage towns, serving a variety of travel needs. With this partnership with Idea Money, we will further extend our offerings to the offline customer base in Tier 3 and 4 towns. We look forward to a successful collaboration.”

About OYO:

Founded in 2013, OYO is today India’s largest hospitality company operating 7000 hotels and 70,000 rooms in more than 200 Indian cities. These include major metros, regional hubs, top leisure destinations as well as pilgrimage towns. OYO is also present in Malaysia and Nepal.  In January 2017, OYO launched Townhouse – a managed hotel-brand designed to function as social hotspots to cater to city dwellers and a new generation of guests.

OYO was recently chosen as India’s Most Promising Hotel Network (HolidayIQ Better Holiday Awards 2017) and has received several accolades such as Express IT Startup of the Year Award (2015), NDTV Dream Chaser of the Year (2016) and IAMAI Digital Startup of the Year (2016). It was recognized by Business Today as among the Coolest Startups in India (2016) and has been ranked by LinkedIn as one of the top employee attractors in India two years in a row (2016, 2017). OYO is backed by leading global investors, including the SoftBank Group, Greenoak Capital, Sequoia Capital and Lightspeed India.

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About Idea Money:

Idea Money is an instant, safe and secure digital wallet service used to transfer money to bank account (IMPS & NEFT), pay bills, recharges, DMR, Person to Person money transfer and merchant payments. It is a one-stop solution for all of the customer’s payment needs. The digital wallet service is currently being offered by IMCSL (Idea M-Commerce Services Ltd.), a subsidiary of Idea Cellular. Idea Money is operational on self–assisted as well as retailer assisted modes across USSD, website and Mobile App Channels. Idea Money wallet is not necessarily dependent on smartphone/data usage and can be used by feature phone customers as well, through USSD or assisted mode. The service is now available in 17 Circles across the country.

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