Unocoin partners with PayU Biz for simple buying of bitcoins

MUMBAI: Bitcoin and blockchain company Unocoin has partnered with PayU Biz, a payment gateway, to facilitate Unocoin users to buy Bitcoins using the net banking feature. The company expects that this will allow a frictionless buying experience for bitcoin users who can buy bitcoins through netbanking feature by using the PayU payment gateway.

"With an increasing interest in Bitcoin, this integration will enable Unocoin customer to buy Bitcoin even on a weekend while the manual payment processing is not functional," said Sathvik Vishwananth, co-founder, Unocoin.

To buy Bitcoin using Net Banking, Unocoin users will have to head onto "Buy Bitcoin" tab and choose ‘Netbanking’ as the mode of payment along with the required details and confirm the order. On successfully completing the transaction, the user will be credited with their Bitcoin immediately into their Unocoin Wallet. The entire transaction is facilitated by the PayUBiz payment gateway, which is PCI-DSS compliant, ensuring complete security of the transactions.