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    PAYU BILLDESK

    PayU receives RBI’s in-principle nod to operate as a payment aggregator

    In 2022, the central bank had banned payment aggregators, including PayU, and restricted them from onboarding new merchants to its platform.

    RBI ban makes online payment aggregators seek alternative business lines

    Razorpay, Cashfree, Paytm and PayU cannot add merchants for their online payments business, this has allowed their rivals to grab market share

    PayU eyes B2B pay, credit play under new top brass

    From being an early player offering online payments to internet companies back in 2011, to facing severe competition from new-age startups such as Paytm and Razorpay, to a failed attempt to acquire Billdesk and facing a merchant acquisition embargo from the Reserve Bank of India, PayU has had a chequered history in India.

    PayU’s sharp focus on India could soon culminate in domestic public listing

    As PayU exits other markets, it will focus on India, Turkey and South East Asia. For India, PayU wants to double down on the credit business across consumer loans and check out finance products.

    Puneet Chandok to head Microsoft India ops; PayU India may soon go for public listing

    Former Amazon executive Puneet Chandok, who left the Seattle-based etailer’s Amazon Web Services team as its India and South Asia head, in June, will now lead the India operations of Microsoft. This and more in today’s ETtech Top 5.

    Prosus agrees to sell part of PayU to Rapyd for $610 million

    Prosus NV plans to sell part of its emerging-markets financial technology company PayU to Israel’s Rapyd for $610 million.

    The Economic Times
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