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Search results for payu

Groww gets online payment aggregator licence from the RBI
7 months, 3 weeks ago

Groww gets online payment aggregator licence from the RBI

Hindustan Times  

Financial services platform Groww has secured online payment aggregator licence from the Reserve Bank of India, it has been reported today. Groww gets online payment aggregator licence. Among the online payment gateway companies that have received RBI's final approval to be a payment aggregator are Groww-backed identity verification startup DigiO, PayU, Cred, Mswipe, Razorpay, CC Avenue, Cashfree, Zoho, Tata Pay, …

Pay Payment Rbi Groww
PhonePe, Razorpay rival PayU Payments cleared by RBI to operate as payment aggregator
8 months ago

PhonePe, Razorpay rival PayU Payments cleared by RBI to operate as payment aggregator

Hindustan Times  

PayU Payments has received the Reserve Bank of India's in-principle nod to operate as a payment aggregator. PayU has received RBI's nod to operate as a payment aggregator. Notably, the central bank had returned PayU’s application to operate as a payment aggregator and even stopped it from onboarding new merchants. PayU India revenue was reported at $400 million in FY23 …

Payment Rbi Payment Aggregator Payu
IPO Frenzy: 16 companies hit Dalal Street in January with 6 more set to list
10 months, 3 weeks ago

IPO Frenzy: 16 companies hit Dalal Street in January with 6 more set to list

Live Mint  

Building on the momentum from the record number of companies that went public in 2023, the IPO trend is persisting in 2024. 16 companies have already made their debut on Dalal Street in January, and an additional six companies are scheduled to list this month, bringing the total number of new listings to 22. It filed draft documents for an …

India Market Companies List Public Ipo Frenzy Phonepe
RBI lifts ban on Razorpay, Cashfree; allows onboarding new merchants
1 year ago

RBI lifts ban on Razorpay, Cashfree; allows onboarding new merchants

Live Mint  

The Reserve Bank of India has lifted ban on payment aggregators Razorpay and Cashfree after almost a year. We are very excited about this new phase of our journey, where we continue to drive exponential growth and retain our market leadership as the preferred aggregator in the payments space.” Razorpay spokesperson said: “Having received the new PA licence, we now …

Payment Rbi Paytm Razorpay Aggregator Payu India Cashfree
PayU Lays Off Nearly 150 Employees As Digital Payments Firm Focuses On India Ecosystem
1 year, 11 months ago

PayU Lays Off Nearly 150 Employees As Digital Payments Firm Focuses On India Ecosystem

ABP News  

Online payments solutions provider PayU has laid off close to 150 employees, less than 6 per cent of its total workforce, as part of an "organisational realignment". "As we stay focused on our vision of creating a full-stack digital financial services ecosystem in India, it's important to ensure PayU has the right structure and resources in place and is nimble …

India Digital Payu Firm Focuses
PayU, a digital payments firm lays off around 150 employees: Know-why?
1 year, 11 months ago

PayU, a digital payments firm lays off around 150 employees: Know-why?

India TV News  

PayU, an online payments solutions provider has reportedly laid off almost 150 employees from the company. PayU spokesperson told IANS: "As we stay focused on our vision of creating a full-stack digital financial services ecosystem in India, it's important to ensure PayU has the right structure and resources in place and is nimble enough to respond to a fast-evolving fintech …

India Payu Payments Firm
PayU calls off $4.7 bn deal to buy BillDesk
2 years, 2 months ago

PayU calls off $4.7 bn deal to buy BillDesk

Deccan Chronicle  

Chennai: One of the largest deals in the fintech space, the acquisition of BillDesk by Netherland-based Prosus, the parent of PayU, has been called off. In August 2021, PayU had announced the acquisition of the Indian online payment gateway firm BillDesk for $4.7 billion. If the deal was closed, the duo would have become one of the largest online payment …

Cent Online Payment Prosus Payu Deal Billdesk
Prosus Cancels $4.7-Billion Deal To Acquire BillDesk; 'Certain Conditions Precedent Not Fulfilled'
2 years, 2 months ago

Prosus Cancels $4.7-Billion Deal To Acquire BillDesk; 'Certain Conditions Precedent Not Fulfilled'

News 18  

Prosus NV, which owns PayU and is the global investment arm of South African multinational Nasper, on Monday said it has terminated a $4.7-billion deal to acquire Indian payments firm BillDesk. Prosus had in August 2021 announced the acquisition of BillDesk in an all-cash deal to expand its footprint in India’s fintech sector under the umbrella of its payment gateway …

India Indian Payment Certain Conditions Cci Prosus Payu
How Digital Banking Units will boost India’s digital economy. Experts weigh in
2 years, 8 months ago

How Digital Banking Units will boost India’s digital economy. Experts weigh in

Live Mint  

The Reserve Bank of India has issued guidelines for the establishment of Digital Banking Units. Hence banks need to be compliant and create a separate reporting to meet the RBI targets so that Digital Businesses cross the bar of, say, “50%”, said Nitin Misra, Co-founder, indiagold He added that this will also prompt the launch of new products or services …

India Services Banking Units Dbus Digital Products Digital Banking Unit
Merchants rush to meet RBI’s card payment rules
3 years, 1 month ago

Merchants rush to meet RBI’s card payment rules

Live Mint  

Payment companies in India have started offering solutions to help merchants speed up tokenization of card payments, in line with the central bank’s mandate, but they fear merchants may not be able to meet the deadline, causing disruption of services similar to the one seen in October when rules on recurring payments were enforced. Following the notification, Razorpay, PayU, PhonePe, …

India Payment Tokenization Card Rbi Mathur Deadline
Payu Launches Tokenisation Solution 'Payu Token Hub' With Major Card Networks
3 years, 1 month ago

Payu Launches Tokenisation Solution 'Payu Token Hub' With Major Card Networks

News 18  

Online payment solutions provider PayU has announced the launch of its ‘unique’ tokenisation solution ‘PayU Token Hub’ to enable businesses to comply with RBI’s latest guidelines on online card data storage whilst allowing issuing banks to also generate their tokens. Powered by Wibmo, PayU Token Hub is developed as an interoperable plug-n-play solution, to enable card on file and device …

Rbi Solution Hub Payu Launches Token Enable Card Token Hub
Rs 3,500 Crore: What 3 Indian Startup Founders Each Get after Selling Company
3 years, 3 months ago

Rs 3,500 Crore: What 3 Indian Startup Founders Each Get after Selling Company

News 18  

The founder trio of the payment gateway, BillDesk, has just hit a gold mine as the fintech firm is being bought by Prosus, South African tech-giant Naspers’ investment firm. The two-decade-old company has the most significant number of business clients among payment gateways in India and looks after roughly 60 per cent of all billing transactions in the country. In …

India Digital Payments Indian Payment Company Payu Billdesk
Naspers' Prosus set to Acquire BillDesk for $4.7 Billion
3 years, 3 months ago

Naspers' Prosus set to Acquire BillDesk for $4.7 Billion

News 18  

New Delhi, Aug 31: In one of the biggest deals in the Indian consumer internet space, global player Prosus NV on Tuesday said its fintech business PayU will buy digital payments provider BillDesk for USD 4.7 billion. It will help PayU — the payments and fintech business of Prosus that operates in more than 20 high-growth markets — become one …

India Payments Digital Payments Indian Digital Fintech Payment
PayU to acquire BillDesk in $4.7 billion deal
3 years, 3 months ago

PayU to acquire BillDesk in $4.7 billion deal

Hindustan Times  

Prosus NV, the Dutch unit of Naspers Ltd, has acquired Indian payment services provider BillDesk for $4.7 billion in cash in its largest acquisition. REUTERS/Siphiwe Sibeko/File Photo The Amsterdam-based company’s PayU unit agreed to buy BillDesk to create a company that will handle a total transaction volume of $147 billion in India. The acquisition will also give PayU access to …

India Payments Acquisition Billion Prosus Payu Billdesk
Prosus buys payments company BillDesk for $4.7 billion
3 years, 3 months ago

Prosus buys payments company BillDesk for $4.7 billion

The Hindu  

Technology investor Prosus NV said on August 31 it had agreed to buy payments platform BillDesk for $4.7 billion to complement its own PayU business. “Together, the two expect to create a financial ecosystem handling 4 billion transactions annually — four times PayU’s current level in India,” the company said. BillDesk, one of India’s largest payment platforms, had ₹2.71 billion …

India Prosus Billdesk
Shopping Therapy? Your Favorite Store Gets An Advantage If They Receive Bill Payments With Paytm
3 years, 9 months ago

Shopping Therapy? Your Favorite Store Gets An Advantage If They Receive Bill Payments With Paytm

News 18  

India’s leading digital payments platform Paytm is really upping the stakes in the competition between payments gateway services. The company says that their All-In-One Payment Gateway services gives merchants the ability to accept and process online payments, with quicker payment settlement timelines and significantly lower transactions fees across the board—in fact, there is absolutely no transaction fees for any payments …

Payments Digital Payments Digital Payment Cards Transaction Debit Cards
Fisdom raises $7 million fresh funds in a funding round led by payment platform PayU
4 years ago

Fisdom raises $7 million fresh funds in a funding round led by payment platform PayU

Firstpost  

Wealth-tech startup Fisdom has raised $7 million in a fresh round of funding led by payment technology platform PayU. Anirban Mukherjee, the CEO of PayU India, said, “Fisdom has grown into a leading digital wealth management platform and has created a demand for its services in the market. PayU India CEO said, “Fisdom has grown into a leading digital wealth …

India Wealth Bank Platform Payu Fisdom Payu India
Amazon Pay, Paytm, PhonePe and 16 other companies become NPCI shareholders
4 years ago

Amazon Pay, Paytm, PhonePe and 16 other companies become NPCI shareholders

Firstpost  

NPCI released a statement on 26 November disclosing that it has widened its shareholder base, which sets the valuation of the entity at Rs 1,763 crore. Some of the 19 new shareholders include Amazon Pay, Paytm Payments Bank, PhonePe, Mobiwik, Pine Labs, Standard Chartered Bank and PayU. PhonePe, Pine Labs, Paytm Payments Bank, IDFC First Bank, Standard Chartered Bank, etc, …

India Bank Rbi Phonepe Paytm Payments Shareholders Npci
Now, you can pay monthly bills with UPI AutoPay
4 years, 5 months ago

Now, you can pay monthly bills with UPI AutoPay

India TV News  

The National Payment Corporation of India on Wednesday said that it has launched the functionality of Unified Payments Interface AutoPay for recurring payments. With this new facility, customers can now enable recurring e-mandate using any UPI application for recurring payments such as mobile bills, electricity bills, EMI payments, OTT subscriptions, insurance, mutual funds and loan payments, paying for transit/metro payments …

Payments Bank Pay Mandate Customers Upi Npci