Carnival Cinemas enters partnership with PayPal for a convenient & secure payments experience

Mumbai July 3, 2019: Carnival Cinemas, one of the fastest growing and leading multiplex chains, today announced a partnership with PayPal, a global leader in digital payments. The partnership will offer consumers a convenient and secure online payments experience while purchasing tickets or F&B both on the website or the mobile app.

Speaking on this development, Mr Mohan Umrotkar, CEO, Carnival Cinemas said, “An association like this is a valuable addition to our website and mobile app in bringing the convenience of booking a ticket online with PayPal. The online ticket booking trend is growing rapidly in India among every age group to avoid queues at the box office and to get the best seats in advance as well as to avail the various available online offers. It’s a very customer friendly move toward more consumer choices, as they are able to pay using PayPal at all our locations across India. It is also beneficial to PayPal as more customer base will move toward adding it as a payment option. This is also an important step towards our enhancing the overall offerings to our customers.”

Speaking on the partnership, Mr Navin Mistry, Director, PayPal India said, “With partnerships at the core of our strategy, it gives us immense pleasure to announce this association with Carnival Cinemas. PayPal will now offer consumers purchasing tickets or F&B a convenient and secure payments experience, with the added benefit of PayPal’s Buyer Protection program. We look forward to an exciting partnership with one of India’s leading multiplex chains.”

About Carnival Cinemas:

With its rapid expansion across India, Carnival Cinemas continues to be India’s fastest growing multiplex chain and have now the distinct honor of becoming the first ever cinema group to reach a remarkable milestone of being present in 111 cities across India. Carnival Cinemas is now spread across 20 states with over 150 properties and 450 plus screens in the country with lavish interiors, luxurious seating arrangements, a wide selection of F&B and the best-in-class services at affordable prices. Carnival Cinemas entertains over 50 million patrons annually and has a total seating capacity of over 1,25,000. After foraying into the overseas market with the commencement of operations in 6 screens in Singapore last year, Carnival has strengthened its international presence with the acquisition of Qatar based Novo Cinemas’ 104 screens at 10 locations in UAE and Bahrain recently and 50 more screens will be added to them soon.

In India, its footprints are present in prominent states like Maharashtra, Delhi NCR, Gujarat, Andhra Pradesh, Uttar Pradesh, Rajasthan, Punjab, Kerala, Karnataka, Tamil Nadu, Telangana, Madhya Pradesh, Haryana, Jharkhand, Chhattisgarh, Uttarakhand, West Bengal, Bihar, Assam, Goa and Himachal Pradesh.

In sync with the current growth plans, Carnival Cinemas has signed MoUs with Governments of Jharkhand and Odisha in order to set up 75 theatres-cum-recreation zones and 150 screens in the respective states. This will enable the Group’s vision of holding 1000 screens by 2020 in India, each one providing a state-of-the-art movie experience and premium service standard.

About PayPal:

Fueled by a fundamental belief that having access to financial services creates opportunity, PayPal Holdings, Inc. (NASDAQ: PYPL) is committed to democratizing financial services and empowering people and businesses to join and thrive in the global economy. Our open digital payments platform gives PayPal’s 277 million active account holders the confidence to connect and transact in new and powerful ways, whether they are online, on a mobile device, in an app, or in person. Through a combination of technological innovation and strategic partnerships, PayPal creates better ways to manage and move money, and offers choice and flexibility when sending payments, paying or getting paid. Available in more than 200 markets around the world, the PayPal platform, including Braintree, Venmo, Xoom and iZettle, enables consumers and merchants to receive money in more than 100 currencies, withdraw funds in 56 currencies and hold balances in their PayPal accounts in 25 currencies. For more information on PayPal, visit https://www.paypal.com/about. For PayPal Holdings, Inc. financial information, visit https://investor.paypal-corp.com.

For more information please contact, Gaurav Gupta at +91 7506081984, gaurav.gupta@carnivalcinemas.in

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