Wirecard to Collaborate With OYO to Provide Financial Suit For Hotel & Home Booking Payments

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Tuesday it will be exploring collaboration opportunities to provide a suite of financial services to make payments for OYO hotels and home bookings seamless and hassle-free across several regions in the world, notably, South-East Asia, Europe, UK, and U.S.

Wirecard reported that it will look to enable OYO with a wide range of digital financial commerce-related services including payment acceptance and issuance for OYO’s booking services – online, mobile and point-of-sale (POS) – as well as enabling it to leverage Wirecard’s banking-as-a-platform capabilities that include lending and loyalty to ensure guests booking an OYO hotel have a hassle-free payment experience.

“OYO provides quality living spaces for business and leisure travelers by leveraging its core capabilities of broad reach and efficient renovations, superior guest experiences, technology-based operations and independent distributions. Currently, OYO has an international presence with its hotels and homes business spread across the Indian subcontinent, China, South-East Asia, UAE, Saudi Arabia, Europe, USA and many other countries with a portfolio that comprises more than 23,000 hotels and 125,000+ vacation homes in 800 cities in 80 countries.”

Speaking about the collaboration, Maninder Gulati, Chief Strategy Officer (Global) at OYO, stated:

“We are very excited to explore working with Wirecard – not only because of the all-encompassing scope of the company’s set of financial service offerings but also because of its international financial payments expertise. By easing the booking experience for our customers around the world and helping create value-added offerings, Wirecard can help us come closer to our goal of becoming the most preferred and trusted hospitality brand in the world.”

Georg von Waldenfels, EVP Group Business Development at Wirecard, added:

“OYO has truly revolutionized the hospitality space across the globe and we are excited to be engaging with them as they take their business to the next level. The future of the travel industry is digital, with unified, integrated customer experiences across all channels – and this includes smooth and reliable digital financial processes such as we intend to provide to OYO around the world.”

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