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PayUMoney launches Wallet Services

PayUMoney launches Wallet Services

PayU India has announced launch of its wallet service – ‘PayUMoney Wallet’ for online shoppers in India. With PayUMoney, consumer can pay through normal payment methods like credit card, debit card or netbanking account and get rewarded on every transaction.

The consumers will get up to 10% cashback instantly on each transaction they make through PayUMoney, which can be used as a discount on the very next purchase. The wallet will not only act as an instrument to help consumers make more rewarding purchases, but also enjoy the payment experience.

PayUMoney wallet is accepted on more than 8,500 ecommerce websites such as Goibibo, Bookmyshow, Redbus, Tradus, Rechargeitnow, Ferns n Petals, Groupon, Travelyaari etc.

How to get instant cashback on every online purchase?

A consumer just needs to select PayUMoney as a payment option on any ecommerce website and continue paying through usual payment modes like Credit Card, Debit Card and Netbanking. The consumer will get a guaranteed cashback instantly in his PayUMoney account (wallet) and on the next purchase; the consumer can use this cashback money as a discount.

cashback Also, PayUMoney’s cashback offer is a top-up on any discount or cashback being offered by a merchant or bank. This means a PayUMoney consumer gets a guaranteed cashback by PayUMoney in addition to any discounts offered by a merchant or a credit card issuing bank. The cashback value ranges between 2% to 10%.

The wallet has a stored card feature that will eliminate the need to enter card details every time a consumer makes a purchase online. The consumer will also have an option to release his payments only on a satisfactory purchase and can raise a dispute in case of any mismatch of expectations.

Recently, PayUPaisa has been re-branded to PayUMoney.

PayU India is a Naspers Group company, was launched in October 2011 and serves more than more than 8500 businesses in India.

Author

Pooja Sareen

Inc42 Staff

Editor and Co-founder @Inc42. Pooja keeps a close eye on ecommerce, agritech, government policies, and numbers are her soul food. She can be reached at [email protected]

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