PayUMoney reaches 1 Billion Transactions and 1.3 Lakhs Sign Ups mark
PayUMoney has played an essential role in developing a new market for the Indian SMEs by introducing easy payment collection solutions and hassle-free integration. Currently, more than 1.3 lakhs SMEs have signed up with PayUMoney while 30,000 live merchants have already processed transactions worth 1 billion rupees. The payment solution provider has removed the various problems faced by the Indian SMEs and have simplified the process for their convenience.
The PayUMoney’s payment solution is designed in a way such that it enables an average Indian seller to focus solely on his business as PayUMoney takes care of the payment requirements in a hassle-free manner. The PayUMoney solution has been very effective and useful for the SMEs to sell their big ticket products online when compared to ecommerce players as traditionally, ecommerce players act as aggregators, displaying products by other vendors as well. Using PayUMoney enables SMEs to not only market their products online directly but also collect payments for them.
Speaking about this success, Nitin Gupta, Co-Founder & CEO at PayU India said, “Currently, 30,000 Indian sellers have processed transactions worth over 1 billion rupees through our platform. These are very promising numbers for a product which has opened a new market. This number is expected to grow by over 40% within the next year. PayUMoney is well on its way to reach a million sellers, selling to over 20 million customers.”
PayUMoney helped lakhs of Indian sellers who were looking to increase their sales through online channel. This investment helped merchant acquisition and customer service teams to operate efficiently, enabling Indian sellers to adopt the online channel easily.