Cleartrip.com Accepts International Credit Cards

Business Wire, March 25, 2008

MUMBAI, India -- Cleartrip.com, India's leading online travel agency, released a major upgrade to their payment systems. Customers can now book airline tickets and hotel rooms using their MasterCard & Visa International credit cards that are issued outside of India and AmericanExpress, Diners Club, MasterCard and Visa credit cards issued in India.

Customers have been demanding these payment options for a while now and Cleartrip.com has made them available to customers across the globe. Secured transactions have been a major barrier to the growth of e-commerce. Now, Cleartrip.com has the most secure systems available to protect you and your money -- Verified by Visa and MasterCard SecureCode.

''Online credit card fraud rate in India is about 3% and Cleartrip.com has a fraud management system based on our own fraud matrix, where this system reduced the fraud rate to less than 0.3%. We have fraud management services from prominent security service providers in the USA and UK. In case of online transaction, if the card is used from a country other than the country from which the card is issued; probability of the transaction being a fraud is 75%, that's where we use Verified by Visa and master secure to eliminate such fraud,'' stated PKX Thomas, CTO - Cleartrip.com

With multiple payment options like debit and International credit cards, Cleartrip.com has seen a 13% increase in their air ticket and hotel bookings.

About Cleartrip.com

Cleartrip, launched in July 2006, is one of the leading OTAs in India with 35% market share. Cleartrip is very customer oriented and offers convenience, choice without confusion, multiple payment options, competitive prices, exclusive destination information and unparalleled customer support. Cleartrip's mission is making travel simple for their consumers.

Through the Cleartrip online website, leisure and business travellers can compare prices and purchase air and hotel products. The current range of products offered includes search and booking for domestic Indian flights, search and booking for over 3500 domestic hotels and 75,000 international hotels, holiday packages, mobile services for travel, and global destination guides.

Headquartered at Mumbai, Cleartrip has projected a turnover of USD 300 Million in 2008-2009 and has over 350 employees on board and offers 24x7 customer service.