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Free payment gateway, PayUMoney serves 130,000 Indian SMEs

New Delhi, September7, 2014: In just over a year of operations, Indian payment gateway, PayUMoney has  provided a key service to ISMEs – with easy payment collection solutions and hassle-free integration. More than 130,000 SMEs have signed up with PayUMoney while 30,000 live merchants have already processed transactions worth 1 billion rupees says a release from the company.
Typically, a small business owner would first put in: Monies + Time + Energy + Build Website + Maintenance = End Product, i.e. an ecommerce website. This is a long and tiring process. But PayUMoney takes away all these steps and provides Indian sellers specific solutions for specific categories of business.
PayUMoney invested in a strong technology product with a solid scalable process to help 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. Approximately 20% of businesses being set up through PayUMoney are first time business owners having set up shop online. These first-time sellers have reported an average revenue increase of around 12% post adopting the PayUMoney payments platform.
Says Nitin Gupta, Co-Founder & CEO at PayU India: “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.”

PayU India is headquartered in Gurgaon and has regional offices in Mumbai and Bangalore, Hyderabad, Kolkata, Pune, Jaipur & Shimla.
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PayUMoney is a free  online payments solution for anyone who wants to collect payments in India (be it Individuals, brick & mortar start-ups, Freelancers, Schools, Hotels, Utility companies, Residential societies, Telcos, Insurance companies, traders, retailers etc. PayU serves more than 30000 businesses today with proven success records. Its clientele includes Goibibo, Snapdeal, Bookmyshow, Jabong, and Ferns n Petals, Freecharge, Zomato, Dominos, Redbus, Rechargeitnow, Micromax Mobiles, Groupon India and many more.
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