MakeMyTrip has launched closed wallet service – if you cancel a flight booked via the service the amount will be credited to this wallet. It is not clear if this will be the only option for flight cancellations. If you cannot get the fund transferred back to your bank account, then MakeMyTrip will pretty much force you to make the new booking via their service. Link
Paytm has added mobile phones and cameras as verticals on its service. Claims now have 250 merchants on its mobile marketplace with over 1,00,000 items.