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Amidst currency demonetization, PayU India comes to the rescue of small and medium businesses

The PayUmoney Seller App and Sellfie available for Android & Apple devices allows users to accept payments digitally

New Delhi, November 12, 2016: While India is grappling with the sudden demonetization of INR 500 and 1000 currency notes, the end consumer has been the focal point of every debate and discussion. What everyone seems to be forgetting is that the small to medium merchants are also struggling to cope with these recent developments. Many of them have been compelled to temporarily close shops because of low availability or absence of cash.

With a view to address the woes of the merchants, PayU India has launched an aggressive campaign to support merchants through two of its disruptive products: PayUmoney Seller App and Sellfie. These mobile apps are very well positioned at rescuing the merchants’ business from the current challenges, by enabling them to accept payments digitally.

Merchants can download the PayUmoney Seller App from Google or App store and get activated in literally 2 mins. They can then create bills and send the link to consumers via Whatsapp, Email, SMS or other apps. The consumers, in return can use the link to pay via credit or debit card and net-banking. Whether it’s a customer walking into the store or a delivery boy standing at customer’s doorstep, the app makes it possible to seamlessly accept payments.

Selfie is another innovative product from PayU for small merchants or even consumers who probably operate out of their homes and sell on social media channels like FB/Instagram/Twitter. With Selfie, the merchant can simply click a picture of their product and share the same with their network on social media or Whatsapp. The interested users can ask questions to merchant and then pay for the product digitally via the same link.

Further commenting on the Seller App campaign, Pradeep Shekhawat, Head of SMB Business at PayU India said, “This is a historic initiative by the Indian government and will become a milestone in curbing black money and promoting the use of digital payments. At PayU, we are committed to drive innovative FinTech solutions that simplify merchant’s lives and enable rapid business growth for them. We have leveraged our in-house user experience lab and cutting edge data-analytics capability to come up with these apps to solve specific pain points that merchant community faces.”

The PayUmoney Seller App can be downloaded from app stores of Apple or Android and within 2 steps, helps the businesses go digital and accept payment via credit card, debit card and NEFT transfers. Sellfie would come to the aid of sellers utilizing social media networks like Whatsapp, Instagram, Facebook, etc to push their products.

“I must add that the merchant community has shown tremendous initiative in the last few days to adopt our apps, resulting in app downloads going up by 250% and transaction volumes witnessing an 85% jump. We are affirmative that more and more merchants, who have been perturbed by the present state of economy, would be comforted by the two apps and resume operations without any further loss of business and opportunities”, he further added.

About PayU India 

PayU India is India’s fastest growing online payment company. In just 2 years, PayU has achieved the feat of becoming the No.1 player in E-commerce category and No.2 player in overall payments Industry. PayU serves more than 30,000 businesses today with proven success records. Its clientele includes the likes of Goibibo, Snapdeal, Bookmyshow, Jabong, Ferns n Petals, Freecharge, Zomato, Dominos, Redbus, Rechargeitnow, Micromax Mobiles, Groupon India and many more. Driven with the zeal to create powerful financial services solutions, PayU acquired Citrus Pay, a Mumbai based FinTech Company in September 2016. Amalgamating the strategic acumen and trail-blazing financial technologies, PayU India is poised at revolutionizing the mobile and digital payment ecosystem.

PayUIndia’s B2B division is known as PayUbiz which serves 90 of the top 100 ecommerce merchants including Snapdeal, Jabong, Ola, Bookmyshow, Goibibo, Redbus, Myntra, Foodpanda, Groupon, PepperFry etc. The leading payment gateway aggregator processes half a billion dollars per month. PayUindia also has under its aegis PayUmoney, which is a free and unique online payments solution for anyone who wants to collect payments in India (be it Individuals, brick & mortar start-ups, Freelancers, Schools, Hotels, Utility companies, Residential societies, Telcos, Insurance companies, traders, retailers etc). PayUmoney has launched the industry’s first-of-its-kind low cost point of sale business terminal to connect even the smallest Kirana store to the world of cashless payment.