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Tag: PayUmoney

  • PayUmoney launches industry’s first-of-its-kind POS business terminal

    PayUmoney launches industry’s first-of-its-kind POS business terminal

    MUMBAI: An innovative POS terminal which promises to connect even the smallest corner shop to the world of paperless payment has been launched by PayUmoney. With no monthly rental, no minimum balance, and the option to link any bank account, costing a mere Rs 7,000 (as opposed to Rs 15,000 to Rs 25,000 charged by traditional channels), and accepting all credit/debit cards, the new terminal seeks to convert the retail experience across millions of small merchant outlets across India.

    The POS terminal is easy to set up, can be operated using a pre- or post-paid SIM, and does away with the use of paper receipts—making it cost and battery effective, and environment friendly. With a simple and hassle-free documentation policy, a merchant can start using a PayUmoney POS terminal within 48 hours of signing up for the service. Interested users may sign up at the website or by calling 9069143747.

    To explain the approach behind developing the POS terminal, PayUmoney CEO and co founder Nitin Gupta said, “If we look at the Reserve Bank of India’s December 2015 data, there are 644 million debit card holders in India. The number is 22.75 million for credit cards. Against these, there are only 1.2 million POS terminals, which shows the huge opportunity that exists in the POS payments services sector. Our objective is to bring the smaller merchants into the ambit of payment processing services—the class that has so far been ignored by the traditional players.”

    “When we developed our product, we kept in mind the unique demands of the Indian merchants—whether in cities, or in the country’s vibrant villages. We decided to do away with paper transaction slips: and a transaction acknowledgement will be sent to the buyer’s mobile with a link that opens up a soft copy of an e-slip. The merchant gets an email copy of the same every time a transaction takes place,” he added.

    This helps merchants to save on unnecessary costs and makes the POS terminal extremely energy efficient, durable, and ideal for locations with frequent power outages.

    With flexibility as the key development buzzword, PayUmoney’s POS terminal does not come with bundled SIMs. Giving merchants the liberty to choose the operator and connection type (pre- or post-paid), the POS terminal of PayU is unlike traditional players that force merchants to subscribe to costly bundled connections.

  • PayUmoney launches industry’s first-of-its-kind POS business terminal

    PayUmoney launches industry’s first-of-its-kind POS business terminal

    MUMBAI: An innovative POS terminal which promises to connect even the smallest corner shop to the world of paperless payment has been launched by PayUmoney. With no monthly rental, no minimum balance, and the option to link any bank account, costing a mere Rs 7,000 (as opposed to Rs 15,000 to Rs 25,000 charged by traditional channels), and accepting all credit/debit cards, the new terminal seeks to convert the retail experience across millions of small merchant outlets across India.

    The POS terminal is easy to set up, can be operated using a pre- or post-paid SIM, and does away with the use of paper receipts—making it cost and battery effective, and environment friendly. With a simple and hassle-free documentation policy, a merchant can start using a PayUmoney POS terminal within 48 hours of signing up for the service. Interested users may sign up at the website or by calling 9069143747.

    To explain the approach behind developing the POS terminal, PayUmoney CEO and co founder Nitin Gupta said, “If we look at the Reserve Bank of India’s December 2015 data, there are 644 million debit card holders in India. The number is 22.75 million for credit cards. Against these, there are only 1.2 million POS terminals, which shows the huge opportunity that exists in the POS payments services sector. Our objective is to bring the smaller merchants into the ambit of payment processing services—the class that has so far been ignored by the traditional players.”

    “When we developed our product, we kept in mind the unique demands of the Indian merchants—whether in cities, or in the country’s vibrant villages. We decided to do away with paper transaction slips: and a transaction acknowledgement will be sent to the buyer’s mobile with a link that opens up a soft copy of an e-slip. The merchant gets an email copy of the same every time a transaction takes place,” he added.

    This helps merchants to save on unnecessary costs and makes the POS terminal extremely energy efficient, durable, and ideal for locations with frequent power outages.

    With flexibility as the key development buzzword, PayUmoney’s POS terminal does not come with bundled SIMs. Giving merchants the liberty to choose the operator and connection type (pre- or post-paid), the POS terminal of PayU is unlike traditional players that force merchants to subscribe to costly bundled connections.

  • PayUmoney & Zepo launch campaign to celebrate women’s entrepreneurship month

    PayUmoney & Zepo launch campaign to celebrate women’s entrepreneurship month

    MUMBAI: PayUmoney and Zepo have joined hands to celebrate women’s entrepreneurship month with the launch of a new campaign, which aims at assisting enterprising women to create an e-commerce store for their businesses within minutes.

    The campaign, which will run till 9 March, 2016 will see Zepo providing a 50 per cent discount on their seed plan powered by PayUmoney.

    PayUmoney head of channel partnership and alliances Paritosh Sharma said, “The concept was inspired by Modi’s Startup India Campaign. Women entrepreneurs who are running with the audacious mission of establishing a passionate following for their art and creativity online can start their e-commerce store on Zepo. There are many enterprising women across the country who due to lack of knowledge in technology and online trading haven’t been able to scale their businesses beyond certain geographies. With the launch of this campaign we wish to inspire more and more women entrepreneurs to become a part of the e-commerce boom.”

    Zepo founder Nitin Purswani added, “We have a long standing partnership with PayUmoney and are excited to take it to a new level. With this campaign we are now becoming enablers for the larger Indian entrepreneurial ecosystem. This association will help women entrepreneurs take their businesses across geographies. I summon all the enterprising women across the country to make the maximum of this campaign and make this association a success.”

    Cheerkart.com founder Madhumita said, “After 10 years of corporate career when I wanted to nurture my passion of art and craft, I was sure that having an online store was the best way to provide a direct link between buyers of art and remotely located artisans. In my search for a well-priced solution to host my website, I scourged through a number of options but none appealed to me more than Zepo.in. Zepo made it easy for me as I did not have to look out for payment gateways, domain providers and logistics support separately as they gave me a complete package with an extremely user friendly portal. PayUmoney has been an easy to use payment solution for my customers as they can make payments using credit cards, debit cards, netbanking and mobile wallets. Thus, CheerKart.com came about, which is a repository of traditional and modern handcrafted items and designs suitable for personal, commercial, and gifting purposes. Some of the rarest forms of art can be found and purchased at the click of a mouse.”

  • PayUmoney & Zepo launch campaign to celebrate women’s entrepreneurship month

    PayUmoney & Zepo launch campaign to celebrate women’s entrepreneurship month

    MUMBAI: PayUmoney and Zepo have joined hands to celebrate women’s entrepreneurship month with the launch of a new campaign, which aims at assisting enterprising women to create an e-commerce store for their businesses within minutes.

    The campaign, which will run till 9 March, 2016 will see Zepo providing a 50 per cent discount on their seed plan powered by PayUmoney.

    PayUmoney head of channel partnership and alliances Paritosh Sharma said, “The concept was inspired by Modi’s Startup India Campaign. Women entrepreneurs who are running with the audacious mission of establishing a passionate following for their art and creativity online can start their e-commerce store on Zepo. There are many enterprising women across the country who due to lack of knowledge in technology and online trading haven’t been able to scale their businesses beyond certain geographies. With the launch of this campaign we wish to inspire more and more women entrepreneurs to become a part of the e-commerce boom.”

    Zepo founder Nitin Purswani added, “We have a long standing partnership with PayUmoney and are excited to take it to a new level. With this campaign we are now becoming enablers for the larger Indian entrepreneurial ecosystem. This association will help women entrepreneurs take their businesses across geographies. I summon all the enterprising women across the country to make the maximum of this campaign and make this association a success.”

    Cheerkart.com founder Madhumita said, “After 10 years of corporate career when I wanted to nurture my passion of art and craft, I was sure that having an online store was the best way to provide a direct link between buyers of art and remotely located artisans. In my search for a well-priced solution to host my website, I scourged through a number of options but none appealed to me more than Zepo.in. Zepo made it easy for me as I did not have to look out for payment gateways, domain providers and logistics support separately as they gave me a complete package with an extremely user friendly portal. PayUmoney has been an easy to use payment solution for my customers as they can make payments using credit cards, debit cards, netbanking and mobile wallets. Thus, CheerKart.com came about, which is a repository of traditional and modern handcrafted items and designs suitable for personal, commercial, and gifting purposes. Some of the rarest forms of art can be found and purchased at the click of a mouse.”

  • PayUMoney ropes in Leo Burnett & Mindshare; to roll out ATL campaign

    PayUMoney ropes in Leo Burnett & Mindshare; to roll out ATL campaign

    MUMBAI: PayUMoney, an online payment solution company, has appointed Leo Burnett to handle its creative duties, whereas Mindshare has been roped in to handle its media planning and buying mandate.

     

    The company is all set to launch its first multi-media advertising campaign to raise awareness about its consumer offering. The nationwide campaign will run across months and target online buyers.

     

    Leo Burnett will be looking at the entire creative process and will be the agency on record for the Gurgaon-based company. The agency won the account following a multi-agency pitch that went on for around three months.

     

    PayU India marketing director Varun Jha said, “Leo Burnett’s thought processes on contemporising the brand thought, creative connect, out-of-the-box thinking and passion made them an obvious choice. We are confident that the team at Leo Burnett understands the unique nature of PayUMoney’s business model and will be able to execute a communication strategy that will enable us to grow in the exciting segment of online payments. We are excited to share our passion with Leo Burnett team to take PayUMoney to the next level.”

     

    Leo Burnett executive director Samir Gangahar added, “PayUMoney is transforming the way Indians make online payments. We are happy to associate with them at such an early stage in their journey and help them in making PayUMoney synonymous with a simple payment solution for every need.”

     

    Leo Burnett NCD Sainath Saraban said, “Working on PayUMoney is going to be exciting and challenging as well, because of the behavioural change it aims at bringing into the lives of the consumers. We will be looking at telling stories and creating conversations that our audiences will find both engaging and insightful.”

     

    Mindshare south Asia leader Ravi Rao added, “Online payment is on the cusp of a major revolution and we are proud and excited to partner with PayuMoney, the leader in this space. We see great opportunity to engage with this evolving consumer and bring about behavioral change.”

     

  • PayUMoney facilitated 1 Billion Transactions and 1.3 Lakhs Sign Ups for Indian SMEs in the online marketplace!

    PayUMoney facilitated 1 Billion Transactions and 1.3 Lakhs Sign Ups for Indian SMEs in the online marketplace!

    MUMBAI: Since its inception in April 2013, PayUMoney has carved out a new market for Indian SMEs – with easy payment collection solutions and hassle-free integration, more than 1.3 lakhs SMEs have signed up with PayUMoney while 30,000 live merchants have already processed transactions worth 1 billion rupees!

    Achieving this feat in such a short span is nothing short of a revolution. How did PayUMoney pull off this task? By simply following the mantra – Whatever the payment collection need, PayUMoney has the payment solution to match!

    PayUMoney stepped in to erase the basic issues faced by Indian SMEs. 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.

    Scaling up operation was the first step to success for PayUMoney!

    PayUMoney’s payment solution features are designed in a way such as to enable an average Indian seller to focus solely on his business as PayUMoney takes care of the payment requirements in a hassle-free manner!

    To achieve this seamless work-relationship, 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. But what makes PayUMoney different amongst the many ecommerce players who offer payment collection solutions to their SME partners?

    The below table showcases the average monthly transactions processed by live merchants on PayUMoney versus the average monthly transaction processed by traditional ecommerce players.

    This clearly indicates that using the PayUMoney has been more effective for 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.

    Because of the ease of use and quick integration, there has been Quarter by Quarter growth in merchant acquisition for PayUMoney since April, 2013:

    The above graph depicts the quarter on quarter growth for seller acquisition. In the 2nd quarter itself, merchants acquisition grew six times over, and the third, fourth and fifth quarter have seen acquisition double over each time, respectively.

    Click here to read full report…