Unified Payments Interface (UPI) has truly changed the game for digital payments in India. Business Standard even called it “the undisputed king of digital payments” – with a whopping 65 billion transactions and a 56% growth in overall volume compared to last year. And lately, UPI is also becoming a favorite among insurance premium payers. With the advent of UPI, insurers can now streamline premium payments, enhancing customer experience and operational efficiency. Leveraging UPI for Faster Insurance Payments  Traditionally, insurance premium payments relied on cash, cheques, or RTGS tran ..read more

Running a successful online business is not easy, especially when you’re dealing with the complexities of selling internationally.  Picture this: You’ve worked hard to create a global business, expanding revenue streams and earning in foreign currencies. In addition to foreign customers, you also have foreign vendors who need to be paid regularly. However, your earnings from foreign customers are settled after conversion to INR. Your business, thus, multiplies conversion costs when making payments to overseas vendors by again converting these funds to another foreign currency, t ..read more

Table of Contents Introduction Understanding Payment Challenges for Travel Businesses PayU’s Integrated Travel Payment Platform for Seamless Bookings Diverse payment solutions for enhanced convenience One-stop affordability solution to reduce CAC Dynamic currency support for enhanced international travel bookings Minimal friction for maximum conversion Smoother cancellations and refunds for more stickiness and cost savings Improve finops and cashflow with PayU Envisioning the Future of Travel Bookings with PayU Today, online travel booking has solved many of its traditional counterpart’s ..read more

Note: This article originally appeared in Inc42. Over the last few years, Indian fintech businesses have emerged as the pioneers of change. The industry has redefined the way financial transactions are conducted, investments are managed, and products are accessed.  We are in the throes of a transformation due to the introduction of cutting-edge technologies like artificial intelligence, blockchain, and data analytics. As per the estimates, India’s fintech industry could be valued at $1 Tn, with revenues of over $200 Bn by 2030. Alongside this story of innovation comes ..read more

While starting any online marketplace, businesses ought to have a payment solution in place for customers to transact and use the product/service. Apart from building the entire product, time and effort goes into looking for the best solutions available in the market to compliment the business type, size & the target audience. When businesses approach payment solution providers, what do they look for? A stable product – YES! A great experience – YES! Minimal integration hassles – YES! Serviceability – YES! One more very important thing is collaboration, between the solution provider and ..read more

Quick Summary: The blog discusses how the home improvement industry has experienced significant growth in the online space, with offers, cashbacks, coupons and discounts playing a crucial role. Pepperfry, a leading online home improvement brand, has achieved great success by leveraging PayU’s Offer Engine, a tool that helps businesses manage end-to-end offers. The blog highlights the benefits of using PayU’s Offer Engine, such as real-time performance analysis, attractive offers, instant cashback offers/ vouchers/ coupon codes and streamlined settlement processes. Pepperfry’s partnership with ..read more

The festive sale season in India is not just a celebration of traditions but also a shopping extravaganza that both big and small brands eagerly anticipate. For businesses, this period represents a significant revenue boost as consumers eagerly open their wallets to make the most of the festive discounts. E-commerce giants saw more than a 15% jump in order volumes compared to last year during this time. It’s a time when e-commerce and brick-and-mortar stores witness an unprecedented surge in transactions, making it crucial for businesses to ensure their seamless and efficient payment processes ..read more

Motorola India once sold its products through online marketplaces only. Then in 2020, Motorola decided to go direct-to-consumer (D2C) seeing that India’s consumer market may grow beyond $100 billion by 2025. To grow its digital commerce revenue and brand loyalty, Motorola launched its India website. Vtex, a leading global commerce platform, and PayU, a leading global payment aggregator with local expertise, helped Motorola India build the online D2C storefront. PayU India powers the payment solutions on this website. With its many payment integration methods and a strong partner network, PayU ..read more

As the festive season is here, e-commerce companies are gearing up for one of the most critical periods of the year. With the promise of increased sales and higher customer engagement, there’s a shared challenge that’s top of mind for many: customers leaving their virtual shopping carts or settling for lower value purchases due to high prices and a lack of awareness regarding affordable options and exclusive deals. Out of every 5 customers 4 look out for offers and discounts while purchasing.  In this blog, we’ll explore the dynamics of this challenge and introduce a game-changing solutio ..read more

It is that time of the year: with the weather changing – the streets can be seen lit up with people and their wish lists, not to forget the colorful festive season decorations. Meanwhile, the businesses gear up for the most critical quarter of the year. The festive season in India is nothing short of magical. Festive season accounts for nearly 40% of a business’s annual turnover. The entire duration of about 8 weeks helps businesses get more conversions, attract new customers, activate dormant ones and make people shift items from their wish lists to their carts. However, the journey to growth ..read more