Move to utilise PayUMoney’s infrastructure for online payment solutions
PayUMoney, an online payment solution by PayU India, has come on board as technological support partner for IndusInd Bank. In this role, PayUMoney would provide its secure and robust technological infrastructure to facilitate online transactions through IndusInd’s Internet Payment Gateway. The collaboration is aimed at providing IndusInd’s online users with increased convenience and a better user experience through its digital banking facility.
PayUMoney has created a niche for itself in the online payment solutions segment due to its higher transactional success rates, faster processing algorithm, customized MIS Reports, and the convenience of its single checkout option encompassing various payment modes such as Credit Cards/Debit Cards/Net banking, Mobile Payments/IVR etc.
Speaking on the announcement, Shailaz Nag, COO and Co-Founder, PayUMoney said, “Enhanced user convenience, and a more secure payment method have been at the forefront of our brand promise. To be empanelled by a leading financial institution such as IndusInd Bank only serves to redouble our desire to keep providing merchants and buyers a seamless experience.”
Mr.Ritesh Raj Saxena, Head – Savings, Digital & Payments Business, IndusInd Bank, commented, “We are pleased to partner with PayU India, one of the largest Payment Processors & Aggregators, in our endeavor to provide value added payment services to our business partners and retail customers alike. Customers are increasingly looking at digitalization for improving their business efficiencies and attracting the increasingly online savvy customers across cities and towns, and partnering with PayU helps us in providing them with anappropriate platform to build their digital business ecosystem. Retail customers too can expect smarter, more contextual online payment propositions, with PayU’s partnerships covering their every-day payment cycle.”