Payubiz
PayU gets RBI's in-principle nod to operate as payment aggregator
Fintech firm PayU has received an in-principle approval from the Reserve Bank to operate as a payment aggregator, the company said on Wednesday. In January 2023, RBI had returned applications of Prosus Group firm PayU and asked it to resubmit them within 120 days. With in-principle approval in place, PayU can now onboard new merchants to provide them digital payment services. "This license is pivotal in our mission to establish a globally renowned digital payment infrastructure rooted in India. Aligned with the government's Digital India initiative and the RBI's forward-thinking regulations, we are dedicated to driving digitisation and financial inclusion, particularly for small merchants," said Anirban Mukherjee, Chief Executive Officer (CEO), PayU.
 "PayU gets RBI's in-principle nod to operate as payment aggregator")
PayU pares losses by 28% at Rs 120 cr in FY19 on back of rising revenues
The firm reported a loss of Rs 148 core in FY18
 "PayU pares losses by 28% at Rs 120 cr in FY19 on back of rising revenues")
PayUbiz launches device fingerprinting
Industry leading payment service provider PayUbiz has announced the launch of its device fingerprinting technology. The technology is aimed at countering the long-existing malpractices in the realm of e-commerce loyalty program for customers.This technology captures distinctive details of a user's Internet connecting device like computer, mobile phone and tablet.Confirming its unbending stance on innovation in the digital payment space, PayUbiz, yet again pioneers a technology that serves the entire e-commerce frat.Elucidating on e-commerce landscape, threats and hacks practiced by fraudsters, spokesperson PayUbiz said, "The e-commerce segment in India has grown by leaps and bounds and was pegged at 17.5 billion USD in 2015. It is further expected to grow to 119 billion USD by 2020. With such explosive growth and potential, Indian and global merchants are going no holds barred to capture the market share.""In a bid to scale their business and retain customers, these online merchants ..
