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PAYU LAZYPAY CARD
PayU India H1 FY24 payments income rises to $211 million; fintech shutters LazyCard businessThe growth in revenues largely came from its existing merchants and payment processing stack Wibmo, as new merchant signups continued to be...- Fintechs bet big on credit line on UPI but banks tread with cautionThe next big wave of UPI adoption will come from check out finance, or buy now pay later, said fintech industry insiders. Consumers will ha...
- ETtech Exclusive: PayU’s global CEO, CFO likely to quit after Prosus part-sells payments businessPayU India CEO Anirban Mukherjee is now slated to directly report to Prosus chief executive officer Bob Van Dijk and may take up additional...
- PayU India income rises to $399 million, revenue growth slowsEven as overall income saw a bump, PayU India’s revenue growth rate slowed from the 42% witnessed in FY22.
- Exclusive | 150 staffers lose jobs as PayU lays off 6% of its workforceA person aware of the matter said the layoffs are spread across various teams and mainly impacted PayU India’s unit, Wibmo, a digital payme...
- Indian fintech faces tough 2023; PayU India lays off 6% of employeesThe operating environment is expected to get tougher for Indian fintech startups next year amid a worsening funding winter and regulatory c...
- PayU reports over 50% jump in revenue, clocks net profit of Rs 126 crorePayU had reported Rs 1,415.67 crore in consolidated revenues for the fiscal year ending March 31, 2021 (FY21). It had also reported net los...
- Fintech startup Uni temporarily stops servicing existing card usersThis comes after the company had stopped issuing new cards in June, after Reserve Bank of India’s (RBI’s) communication to industry stakeho...
- Prepaid card issuances dry up for fintech firmsNew numbers dip to fraction of levels before RBI bar on credit links to PPIs.
- LazyPay stops buy-now-pay-later payment product amid PPI concernsLazyPlus UPI had stopped onboarding new users last year as banking partners pulled out of the arrangement.
- LazyPay updates terms to comply with RBI orderThe buy-now-pay-later (BNPL) service asked customers in a message on Thursday to accept the terms, failing which all transactions would be ...
- Card-based fintech in dire straits with PPI lending banSome partner banks of these card-based fintech firms may also stop supporting their bank PPIs to these platforms after seeking a clarificat...
- PayU’s new product suite gives small businesses easier access to creditPayU's priority settlement feature allows merchants to choose between receiving funds in scheduled settlement cycles every 15 minutes, hour...
- PayU's LazyPay launches credit product 'LazyCard' amid growing competition in BNPL spacePayU’s ‘buy now pay later’ (BNPL) solution, LazyPay has partnered with SBM Bank India for the prepaid instrument, as the company looks to u...
- Fintech pivots to UPI as most prefer it for loan paymentExpert says UPI payment experience is smooth & users love the way transaction is carried out.
- Any day is salary day, thanks to 'pay later' offersWith only about 37.4 million credit cards currently in circulation in India, fintech startups are designing easy financing options for cons...
- PayU Money wallet to shut, co to focus on credit playHaving bought out Citrus Pay in 2016, PayU India ended with two e-wallet entities, after the acquisition.
- Use of social media for commerce is on the rise: B Amrish Rau, CEO, PayU IndiaThe digital payments industry in India is expected to be $500 billion by 2020, according to a Google-BCG study.
- Startups offer credit lines for cab rides, movie showsThese young companies are set to face stiff competition from larger, deep-pocketed fin-tech companies seeking to enter the market.
- PayU scraps credit card plans, to launch a digital consumer credit productA product developed by Citrus Pay, which PayU acquired last year for $130 million, LazyPay would give its users an option to pay later for ...
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