PayU unveils innovative initiatives to support businesses during COVID-19

PayU

PayU, leading digital payments firm has several innovative initiatives in a bid to support merchants, small and medium businesses and entrepreneurs to help manage the disruption caused due to COVID-19 crisis.

PayU

Lending its helping hand as a sign of solidarity, PayU’s measures are aimed at enabling businesses to be increase their efficiency and collaborative in these challenging times.

Some of the key initiatives are mentioned below:

· At a time when SMBs are in critical need to be digitally ready, PayU is offering to build a free website for any merchant’s business with a built-in payment gateway & get 100 percent TDR waiver on the first Rs 50,000 worth of business done via PayU. Whether a merchant is selling over the counter, delivering products or sending invoices to the customer, PayU will help them run businesses as smoothly as possible.

·Through Startups Helping Startups platform launched by PayU, emerging businesses can take help from each other in these challenging times. With as many as 32 partners such as Shopify, ZOHO, Shopmatic, Verloop, Atlassian etc., start-ups can avail offers ranging from setting up e-commerce stores at Rs 50 per month to free web, app and Whatsapp Chatbots for customer support automation.

·To facilitate easy lending for businesses and help businesses get easy credit, PayU has partnered with Indifi to bring easy loans for our merchants who need credit to run their business smoothly. Merchants can avail loan amounts up to INR 50 lakhs with offers such as revolving line of credit with the flexibility of drawdown as and when needed and pro-rata interest calculated on daily outstanding amount. Term loans with one-time lumpsum disbursement with a flexible tenure of 3 months to 24 months will also be available.

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