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Articles for Payu

PhonePe, Razorpay rival PayU Payments cleared by RBI to operate as payment aggregator
7 months, 4 weeks 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
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
PhonePe rolls a dice in the pay aggregator biz
1 year, 2 months ago

PhonePe rolls a dice in the pay aggregator biz

Live Mint  

New Delhi: Avinash Kumar runs Blumox Technologies, a Delhi-based company that develops websites, mobile apps and applications for enterprises. PhonePe is offering this company its ‘payment aggregator’ platform. Pushing the payment aggregator business is now the fulcrum of the company’s effort to diversify the business, away from simply facilitating UPI transactions that make no money. Once PhonePe builds a large …

Business India Payments Online Pay Payment Company
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
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
How Amrish Rau of Pine Labs made strides during the pandemic
3 years, 9 months ago

How Amrish Rau of Pine Labs made strides during the pandemic

Live Mint  

Logging into our Zoom meeting, I see B. Amrish Rau, CEO of fintech company Pine Labs, fiddling with the virtual backdrop. The Challenge Rau, who has considerable experience in the fintech space and ran his own startup for three years, took up the Pine Labs challenge as a founder would. “Ultimately, we want to be the gatekeepers of digital technology …

India Pandemic Team Zoom Company Platform Later
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