PayU is the payments and fintech business of Prosus, a global consumer internet group and one of the largest technology investors in the world. Prosus has a primary listing on Euronext Amsterdam (AEX:PRX) and a secondary listing on the Johannesburg Stock Exchange (XJSE:PRX), and is majority owned by Naspers.
PayU provides payment gateway solutions to online businesses through its cutting-edge and award-winning technology. In India, PayU serves more than 4,50,000+ merchants with over 100+ payment methods and is the preferred payment partner for e-commerce merchants, including all leading e-commerce companies and a majority of airline businesses.
ibibo launches PayU PG for websites to integrate e-commerce transactions with online payments
Management team hired to service outside players
Demerged from Ibibo to become PayU India
PayU buys Citrus Pay for $130m
LazyPay launched along with the acquisition of a stake in ZestMoney and PaySense
India becomes the fastest-growing market for PayU, contributing 47% of TPV
Achieves $100m revenue in FY18; becomes the biggest market for PayU
Payments business turns profitable
NBFC license acquired for credit business, a key growth initiative
Profitability for PayU India consolidated
Leading online authentication provider for card payments, Wibmo acquired by PayU
To create a safe and secure ecosystem that enables anybody to make or receive payments, bringing convenience and trust through continuous innovation leveraging technology.