PayUMoney completes transaction worth Rs 100 cr

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PayUMoney, since its inception in April 2013, has completed transactions worth Rs 100 crore, which was made possible by over 1.3 lakh small and medium enterprises (SMEs) who use the platform, reported PTI.

PayUMoney is a payments platform from Gurgaon-based PayU India Internet Pvt Ltd, one of the largest payment gateway services providers.

In a release, PayUmoney said that it has carved out a new market for Indian SMEs with easy payment collection solutions and hassle-free integration.

More than 1.3 lakhs SMEs have signed up with PayUMoney, while 30,000 live merchants have processed transactions worth Rs 100 crore, it added.

PayUMoney is well on its way to reach a million sellers, selling to over 20 million customers, PayU India co-founder and CEO Nitin Gupta said.

Story first published: Friday, September 5, 2014, 23:00 [IST]
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