Razorpay, a payments platform for e-commerce businesses in India, has partnered with PayUmoney to offer all merchants under its platform multiple options of collecting online payments from customers.
The deal will enable Razorpay’s 9,000 plus registered merchants to offer cashbacks for transactions on their platform.
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Razorpay in its press statement said more than 1,500 merchants will be taken live on PayUmoney in the first stage.
Razorpay CEO and co-founder Harshil Mathur said: “Through this association, we aim to provide consumers a variety of payment options including online wallets. PayUmoney will be reflected as an additional wallet option for all merchants on Razorpay, without them having to add any extra code, making it easy and convenient.
“We want to inculcate a culture of “Install and Forget” with our merchants; so maintenance and updates will not hinder routine services. By adding such features, Razorpay intends to simplify the complex Indian payments industry”,
PayU India CEO and co-founder Nitin Gupta said: “We have seen our wallet user base rise to over 10 million customers and strategic partnerships like this only increase our user base manifold. Such partnerships are vital for growing the payments industry and also gives us access to well-known merchants like Rentomojo, Papa Johns, Brekkie, Knowlarity, Runnr, among others.”
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By GlobalData
