Top Four Apps to rescue Merchants with the effect of Demonetization of Rs.500 & Rs.1000 Banknotes

India 12 November 2016: In all this fuss of the government scrapping Rs 500 and Rs 1,000 notes with immediate effect, most have failed to see the series of moves leading to this moment. Consumers appear to be the focal point of this decision, with the traditional and digital media buzzing with the stories of either their woes or support to the decision. In the entire frenzy, we perhaps have seemed to forgotten Merchants, as the essential and integral part of the economy. Here are some apps which can rescue merchants from the challenges of demonetization of Rs.500 and Rs. 1000 bank notes.

PayUmoney Seller App 

PayUmoney Seller App is a FREE and unique online payments solution for anyone who wants to collect payments from their customers (be it Individuals, brick & mortar start-ups, Freelancers, Schools, Hotels, Utility companies, Residential societies,Telcos, Insurance companies, traders, retailers etc). The PayUmoney Seller app is available on Google and Apple playstore and it takes only 2 minutes for merchants to activate and receive payments. The app helps merchants to quickly & easily send bills across WhatsApp, SMS and email to collect payments from the customers. It also allows merchant to save products and their prices so that the merchant can easily reuse the items for sending future bills. The app also has a sales dashboard that allows merchants to track bills sent / payments received.

TranServ (Udio)

Udio, India’s first social wallet, launched by TranServ,offers diverse array of inter-operable payments solutions delivering seamless payments experience and products to both consumers and businesses. Udio’s partnership with Visa gives any merchant accepting Visa an opportunity to collect payments without the hassle of dealing with cash. The Udio wallet also comes equipped with the mVisa feature, which allows payments to be made by simply scanning a QR code and authorizing the transaction.

Telr

Telr is a leading payment gateway offering a set of unified APIs and tools that instantly enable businesses to accept and manage online payments via web, mobile and social media. Telr has announced the launch of the first merchant self-on boarding solution in the country. This will enable fast and seamless integration with a 15 minute sign up time without upfront costs for India’s large and growing online merchant base. It will boost the business of these merchants through its rich, secure payments gateway as well as value-added services. Telr offers online payments solutions for merchants using websites as well as social media channels such as Facebook, Instagram and mobile apps.

Razor Pay

With cash transaction using notes of denomination 500 and above in a limbo, people have had to resort to going cashless. To facilitate the process and to provide merchants with a fast alternative, Razorpay has introduced the Express Activation service. Setting up an account to accept online payments can be a time consuming and difficult process. However, with an eye towards helping merchants get on-board quickly so that they can keep their businesses open and accept payments through online transactions, the Company has reduced its activation time by as much as 98.6% to help enterprises without online payment capabilities quickly get the ball rolling again.

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Amidst currency demonetization, PayU India comes to the rescue of small and medium businesses

The PayUmoney Seller App and Sellfie available for Android & Apple devices allows users to accept payments digitally

New Delhi, November 12, 2016: While India is grappling with the sudden demonetization of INR 500 and 1000 currency notes, the end consumer has been the focal point of every debate and discussion. What everyone seems to be forgetting is that the small to medium merchants are also struggling to cope with these recent developments. Many of them have been compelled to temporarily close shops because of low availability or absence of cash.

With a view to address the woes of the merchants, PayU India has launched an aggressive campaign to support merchants through two of its disruptive products: PayUmoney Seller App and Sellfie. These mobile apps are very well positioned at rescuing the merchants’ business from the current challenges, by enabling them to accept payments digitally. 

Merchants can download the PayUmoney Seller App from Google or App store and get activated in literally 2 mins. They can then create bills and send the link to consumers via Whatsapp, Email, SMS or other apps. The consumers, in return can use the link to pay via credit or debit card and net-banking. Whether it’s a customer walking into the store or a delivery boy standing at customer’s doorstep, the app makes it possible to seamlessly accept payments. 

Selfie is another innovative product from PayU for small merchants or even consumers who probably operate out of their homes and sell on social media channels like FB/Instagram/Twitter. With Selfie, the merchant can simply click a picture of their product and share the same with their network on social media or Whatsapp. The interested users can ask questions to merchant and then pay for the product digitally via the same link. 

Further commenting on the Seller App campaign, Pradeep Shekhawat, Head of SMB Business at PayU India said, “This is a historic initiative by the Indian government and will become a milestone in curbing black money and promoting the use of digital payments. At PayU, we are committed to drive innovative FinTech solutions that simplify merchant’s lives and enable rapid business growth for them. We have leveraged our in-house user experience lab and cutting edge data-analytics capability to come up with these apps to solve specific pain points that merchant community faces.” 

The PayUmoney Seller App can be downloaded from app stores of Apple or Android and within 2 steps, helps the businesses go digital and accept payment via credit card, debit card and NEFT transfers. Sellfie would come to the aid of sellers utilizing social media networks like Whatsapp, Instagram, Facebook, etc to push their products.  

“I must add that the merchant community has shown tremendous initiative in the last few days to adopt our apps, resulting in app downloads going up by 250% and transaction volumes witnessing an 85% jump. We are affirmative that more and more merchants, who have been perturbed by the present state of economy, would be comforted by the two apps and resume operations without any further loss of business and opportunities”, he further added.

About PayU India 

PayU India is India’s fastest growing online payment company. In just 2 years, PayU has achieved the feat of becoming the No.1 player in E-commerce category and No.2 player in overall payments Industry. PayU serves more than 30,000 businesses today with proven success records. Its clientele includes the likes of Goibibo, Snapdeal, Bookmyshow, Jabong, Ferns n Petals, Freecharge, Zomato, Dominos, Redbus, Rechargeitnow, Micromax Mobiles, Groupon India and many more. Driven with the zeal to create powerful financial services solutions, PayU acquired Citrus Pay, a Mumbai based FinTech Company in September 2016. Amalgamating the strategic acumen and trail-blazing financial technologies, PayU India is poised at revolutionizing the mobile and digital payment ecosystem.  

PayUIndia’s B2B division is known as PayUbiz which serves 90 of the top 100 ecommerce merchants including Snapdeal, Jabong, Ola, Bookmyshow, Goibibo, Redbus, Myntra, Foodpanda, Groupon, PepperFry etc. The leading payment gateway aggregator processes half a billion dollars per month. PayUindia also has under its aegis PayUmoney, which is a free and unique online payments solution for anyone who wants to collect payments in India (be it Individuals, brick & mortar start-ups, Freelancers, Schools, Hotels, Utility companies, Residential societies, Telcos, Insurance companies, traders, retailers etc). PayUmoney has launched the industry’s first-of-its-kind low cost point of sale business terminal to connect even the smallest Kirana store to the world of cashless payment.

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PayUmoney continues to deliver unparalleled services to Indian SMBs - Trusted by over 2 lakh merchants,

New Delhi, October 18, 2016: PayUmoney has emerged as one of the market leaders enabling India’s stride towards a digital and cashless economy. Owing to its perpetual commitment towards the growth of the industry, PayUmoney today enjoys explicit trust of more than 2,25,000+ merchants from all across India. Some of the renowned names utilizing PayU’s payment gateway and other SMB solutions include Myntra, Yatra, Cleartrip, Grofers, MakeMyTrip, Ola Cabs and more.

In their bit to remain competent and offer the best solution to associate merchants, PayUmoney India recently augmented its seller app, facilitating merchants to get on-board smoothly, also allowing merchants to sell their products via the app itself. The app enabled merchants a refreshing break from the erstwhile tedious on-boarding process via laptop or desktop, further enabling and responding to the growing mobile infrastructure in the economy. The five minutes registration process for PayUmoney’s payment gateway has often been appreciated by the merchants, especially given the present day fast-paced times.

Further commenting on achieving a mighty feat, Pradeep Shekhawat, Head of SMB Business at PayU India said, “It is inspiring to be part of India’s revolution towards cashless and digital economy. At PayU India, we take pride in extending the most innovative solutions to our growing base of SMBs and online merchants. Receiving the trust of over 2 lakh merchants propels us to further innovate and disrupt the industry.”

Working at the grassroot level, PayUmoney has continued to empower small and medium sized businesses to go digital and cashless. In the same endeavor, PayUmoney currently offers a Payment Gateway that can be integrated with a website or an app, allowing aspiring entrepreneurs and merchants to start accepting payments via credit cards, debit cards and net banking.


Offering further convenience to its growing customer base, PayUmoney offers an option of Easy Billing. Allowing merchants to create itemized bills, the feature allows merchants to share the same via SMS, Email or any other App, including Whatsapp and Facebook.

To know more: www.payumoney.com

About PayUmoney

PayUmoney is a FREE and unique online payments solution for anyone who wants to collect payments in India (be it Individuals, brick & mortar start-ups, Freelancers, Schools, Hotels, Utility companies, Residential societies, Telcos, Insurance companies, traders, retailers etc). PayUmoney is presently used by over 2,25,000 merchants. The online payment solutions company also launched the industry’s first-of-its-kind low cost point of sale business terminal, designed to connect even the smallest Kirana store to the world of cashless payment.

The online payment solution company is brought to you by PayU India, India’s fastest growing online payment company.

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PayUmoney launches industry’s first-of-its-kind POS business terminal

~Robust technology, delivered affordably, to aid small business owners~

  June 8,  10.32 AM IST || Pocket News Alert

New Delhi, June 8th, 2016: PayUmoney today announced the launch of its innovative POS terminal which promises to connect even the smallest corner shop to the world of paperless payment. With no monthly rental, no minimum balance, and the option to link any bank account, the PayUmoney POS terminal, costing a mere Rs. 7,000 (as opposed to Rs. 15,000-Rs. 25,000 charged by traditional channels), accepting all credit/debit cards, seeks to convert the retail experience across millions of small merchant outlets across India.

The POS terminal is easy to set up, can be operated using a pre- or post-paid SIM, and does away with the use of paper receipts—making it cost & battery effective, and, of course, very environment friendly. With a simple and hassle-free documentation policy, a merchant can start using a PayUmoney POS terminal within 48 hours of signing up for the service. Interested users may sign up at the website or by calling 9069143747.

To explain the approach behind developing the POS terminal, Mr. Nitin Gupta, CEO & Co-founder, PayUmoney said, "If we look at the Reserve Bank of India's December 2015 data, there are 644 million debit card holders in India. The number's 22.75 million for credit cards. Against these, there are only 1.2 million POS terminals, which shows the huge opportunity that exists in the POS payments services sector. Our objective is to bring the smaller merchants into the ambit of payment processing services—the class that has so far been ignored by the traditional players."

"When we developed our product, we kept in mind the unique demands of the Indian merchants—whether in cities, or in the country's vibrant villages. We decided to do away with paper transaction slips: a transaction acknowledgement will be sent to the buyer's mobile with a link that opens up a soft copy of an e-slip. The merchant gets an email copy of the same, every time a transaction takes place,” he further added.

 This helps merchants to save on unnecessary costs and makes the POS terminal extremely energy efficient, durable, and ideal for locations with frequent power outages.

With flexibility as the key development buzzword, PayUmoney's POS terminal does not come with bundled SIMs. Giving merchants the liberty to choose the operator and connection type (pre- or post-paid), the POS terminal of PayU is quite unlike the traditional players that force merchants to subscribe to costly bundled connections.

In order to purchase the POS machine, sellers just need to place a Missed Call at 9069143747.

About PayUmoney

PayUmoney is a free and unique online payments solution for anyone who wants to collect payments in India (be it Individuals, brick & mortar start-ups, Freelancers, Schools, Hotels, Utility companies, Residential societies, Telcos, Insurance companies, traders, retailers etc. It is used by over 150,000 merchants

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