This investment in BRISKPE underscores the importance of seamless international payments as part of PayU India’s strategy and complements its existing offerings for exports and imports, PayU said on Monday.
By integrating the Online Dispute Resolution (ODR) framework, Credgenics offers a simplified digital approach for resolving financial disputes. Leveraging advanced technology and robust application of legal expertise, Credgenics has been successful in managing the resolution of $70 billion in repayments and handles 2.5 million unique disputes every month growing at 20 percent monthly.
Fintech attracted investor attention in the country though marked by smaller deal sizes with key transactions such as SK Finance ($160 million), and Perfios ($80 million).
PayU-owned Wibmo is emerging as a key offering for Naspers-backed PayU which is looking to venture deeper into business payments and enter newer markets.
This product is designed to streamline transactions for merchants, offering versatile payment acceptance options including dynamic and static QR code, tap-and-pay and traditional card payment options, across a wide range of debit and credit cards.
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The ‘UPI Switch’ will also enable 5 times faster access to UPI (Unified Payments Interface) innovations for businesses.
This is a testament to our relentless focus on compliance and corporate governance,” Anirban Mukherjee, CEO, PayU, told ETBSI.
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Saxena brings with him a wealth of expertise and strategic vision garnered from his illustrious career spanning leadership roles in esteemed financial institutions.
