MakeMyTrip has made a business transfer agreement to acquire Happay, the expense management platform from fintech firm Cred. This acquisition is aimed at improving MakeMyTrip"s offerings in the corporate travel and expense management sector.

Happay"s brand, expense management business, and team will be integrated into MakeMyTrip, while Cred will keep Happay"s payments division, including its new B2B payments solution developed with NPCI.

Rajesh Magow, Co-Founder and Group CEO of MakeMyTrip, highlighted the company"s consistent outperformance of industry growth in corporate travel through innovation and user experience. The acquisition of Happay is a significant move to strengthen MakeMyTrip"s leadership position in the corporate travel market.