Friday, April 19

Search Results for: payu

Revenue of PayU India Doubles to Rs 588 Crore in FY18

PayU India’s revenue nearly doubled in fiscal 2018 to Rs 588 crore from Rs 306 crore the year before. It has been reported earlier this month that the Indian subsidiary of the Naspers-backed PayU accounted for more than half the overall business of the financial technology firm, based on Naspers’ half-yearly report for fiscal 2019. PayU India is valued […]

PayU Recieved Licence from RBI to open its own NBFC

PayU India has received a license from the Reserve Bank of India to operate its own non-banking financial company, a development that will provide a big boost to the fintech firm in growing its consumer credit business. PayU India managing director Jitendra Gupta will head the new initiative. The NBFC, PayU Credit, which will be a subsidiary of PayU, […]

A Digital Lending Startup Raises $18 million from PayU

Mumbai-based digital lending company PaySense has reportedly raised an amount of $18 million in its Series B funding round. This particular round was led by PayU. The funding round also saw the participation of existing investors including Jungle Ventures and Nexus Venture Partners. PayU had also participated in the Series A round, and this time it invested […]

PayU plans Digibank, aims to generate $100 mn revenue by next FY

Financial technology firm PayU is planning to set up a Digibank service in the next 12-18 months and expects to clock revenues of USD 100 million (Rs 654 crore approx) by March 2018. “Our long-term plan is to set up Digibank which will look at easing account opening for youth and provide banking services to […]

Axilor Ventures Tie-up With PayU India as Industry Partner For Its Accelerator Program

Early stage fund, Axilor Ventures, bets on new opportunities around Fintech; signs up PayU India as the industry partner for its Accelerator Program. Axilor has recently announced doubling the intake for its Summer ’17 Accelerator Program. Fintech is one of the five focus areas for the cohort in the Summer ’17 batch. Together with PayU […]

PayU Acquires Indian Payments Technology Citrus Pay For $130 Million

PayU, a global online payment service provider has acquired Indian payments technology Citrus Pay for $130 million in an all-cash deal, a joint-statement said here on Wednesday. The agreement is due to close in the third quarter of 2016. The statement described $130 million transaction as the largest ever merger and acquisition cash deal in […]

PayU Hires Pradeep Shekhawat as Head of SMB Business

Unique online payments solution PayU India has announced appointment of Pradeep Shekhawat to Head the SMB Business division of its operation. The decision follows suit with the growing aspirations of the brand to expand its line of Businessand deliver valuable products and services to small business, hence pivoting the current surge in FinTech services. Pradeep […]

PayUbiz Launches Device Fingerprinting

Industry leading payment service provider PayUbiz has announced the launch of its device fingerprinting technology. The technology is aimed at countering the long-existing malpractices in the realm of e-commerce loyalty program for customers. This technology captures distinctive details of a user’s Internet connecting device like computer, mobile phone and tablet. Confirming its unbending stance on […]