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LIFE CARE IS REGISTERED MAGAZINE IN RNI, NO.GUJGUJ/2015/71283
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Launches key products in response to regulatory & market requirements
NEW DELHI, Dec. 21, 2022 /PRNewswire/ — In 2022 PayU, India’s leading online payments solutions provider, continued to be a front-runner in digitizing & simplifying the payments infrastructure of SMBs & enterprises. Keeping product innovation at the centre of its efforts, PayU witnessed a successful year and its revenues grew 38% to $183 million in the first half of the FY 2022-23. With a view to provide the best experience to its merchants PayU made several launches & updates in 2022:
Product milestones & updates:
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PayU‘s product launches in 2022:
Manas Mishra, Chief Product Officer – PayU Payments said, “In 2022, we supported government initiatives through product innovations which helped merchants & issuers adapt to regulations. We have partnered closely with merchants to add value and increase efficiency through customised solutions for businesses. It’s been an exciting year for us, as the country returned to normal & PayU recorded a 48% increase in TPV to $28 billion in the first six months of FY23. We have a pipeline of exciting products for 2023 & we look forward to the coming year.”
About PayU India
PayU, India’s leading online payment solutions provider, is regulated under the Reserve Bank of India and has advanced solutions to meet the digital payment needs of the Indian market. PayU India aims to create a full-stack digital financial services platform to serve all (tapped and untapped) financial needs of customers (merchants, banks and consumers) through technology.
PayU provides payment gateway solutions to online businesses through its cutting-edge and award-winning technology. PayU is one of the leading payment gateways in India & has empowered 4.5 lakh+ businesses, including leading enterprises, e-commerce giants and SMBs. It enables businesses to collect digital payments across 150+ online payment methods such as Credit Cards, Debit Cards, Net Banking, EMIs, BNPL, QR, UPI, Wallets, and more. PayU is one of the most preferred payment gateways that offer industry-best success rates while ensuring a seamless checkout experience.
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View original content:https://www.prnewswire.com/in/news-releases/payu-continues-product-innovation-for-indian-merchants-in-2022-301707976.html
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