Shares of Paytm parent One97 Communications rose 9% in intra-day trade on Thursday after the company announced that it partnered with Samsung to offer ticket-booking facility for flight, bus, movies and events on Samsung Wallet. The stock closed nearly 8% higher at Rs 432.90 on the National Stock Exchange.

The partnership aims at enhancing consumers convenience by offering a seamless, integrated booking experience directly through the Samsung Wallet, facilitating access to a wide range of services through Paytm.

Galaxy smartphone users using the Paytm app for flight, bus and movie bookings and the Paytm Insider app for event booking will be able to add their tickets directly to Samsung Wallet using ‘Add to Samsung Wallet’ functionality, a press release said.<…