| Chennai, January 14, 2008 : SpiceJet today announced a tie-up with BillDesk that will provide SpiceJet customers an additional option to purchase and pay for their tickets, through their Internet Banking Accounts Online, on the SpiceJet's website www.spicejet.com. SpiceJet is the first Airline in the country to provide this unique service to its customers. |
| Announcing the launch of this service, Mr. Siddhanta Sharma, Executive Chairman & CEO, SpiceJet said, "SpiceJet's tie-up with BillDesk ensures that a large base of our customers, who did not wish to use credit cards on the internet, will now be able to access this convenient service and pay for their tickets using their secure online banking accounts. It is a very significant step towards achieving our firm belief of 'Flying for everyone' ". |
| SpiceJet, India's most tech savvy airline, has already implemented Decision Manager, an automated risk management solution to help minimize online fraud. This scalable solution addresses the increasing rate of fraud in the Indian travel and aviation sector. Partnering with BillDesk will be another step to enable safe and easy online transaction for SpiceJet's customers. |
| BillDesk is India's leading Payments Service Provider and its solutions combine leading-edge technology with extensive expertise to offer payment transaction processing solutions for both traditional and online businesses. It's business and operating model offers the greatest reassurance to participants. It assures banks and other institutions of independence in the market place. At the same time, it provides participants with improved process performance, improved operational risk control, lower operating costs and increased revenue opportunities |
| As the partner of choice of India's largest organizations BillDesk is able to take a holistic view of the entire payments and collections chain and offer specialized solutions to meet the demands of vertical markets such as banking, telecom, insurance, utilities and financial services. BillDesk manages an extensive payments processing network, offering services to 40 of India's largest banks including SBI, Citibank and HDFC Bank and to leading companies such as LIC, BSNL, Vodafone, SBI Mutual Fund, and Reliance etc. |
| On behalf of BillDesk, Mr. MN Srinivasu, Director mentioned "The partnership with SpiceJet is an important relationship for BillDesk and we are delighted to extend our electronic payments services for the benefit of SpiceJet customers" |
| About BillDesk |
| A flagship brand of IndiaIdeas.com Ltd., BillDesk is India's leading Payments Service Provider. It operates as a neutral service bureau aggregating multiple banks, billing companies and other corporations onto a common standards-based platform for delivering electronic payments and collection services across multiple electronic channels. It delivers and manages specialized electronic payments solutions of various vertical markets such as banking, telecom, insurance, utilities and financial services. Built on a versatile platform, BillDesk makes the payments experience, faster, more convenient, more reliable and more secure for both the consumer and the banks. BillDesk has been a recipient of the Deloitte Technology Fast 50, India award for the last 2 consecutive years, identifying it as one of the fastest growing companies in India. |
| About SpiceJet |
| SpiceJet is India's ' best low cost airline' *, delivering the lowest air fares with the highest consumer value. We operate over 100 flights daily to 17 cities viz. Ahmedabad, Bangalore, Chennai, Cochin, Coimbatore, Delhi, Guwahati, Goa, Hyderabad, Jaipur, Jammu, Kolkata, Mumbai, Port Blair, Pune, Srinagar and Varanasi. Our on-time performance is amongst the best in India, at 82%, coupled with a Technical Dispatch Reliability of 99.6% making us an airline with least cancellations. SpiceJet's new generation fleet of 18 Boeing 737-800 / 737-900ER aircraft are backed by cutting edge technology and infrastructure to ensure the highest standards in safety and operating efficiency. |
| * SpiceJet was recognized as Best Low Cost Airline for 2007 by TAFI (Travel Agents Federation of India)-Abacus, awarded at Kota Kinabalu, Malaysia earlier this year. |
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