PayU Group

PayU Group is an international processing center offering online acquiring bank cards and online payments using electronic wallets for online stores.

PayU is part of Naspers media holding, founded in 1915.

History

2016

Key customers of the company

Among the key PayU clients for May 2016: Avon, Aizel, Eset NOD32, Confael, Lacoste, eTraction, Hilti, Maria, Central House of Artists, BabySecret, Kupi-kolyasku, MyToys, Agent Provider, Esky.

PayU Services

Logo in 2016

As part of the tariff rate (as of May 2016), the following set of services was provided (in addition to the main activity):

• 24/7 round-the-clock support for payers (Russian/English)
• Fraud real-time transaction monitoring
• Customize the payment page
• Mobile Payment Solution
• Bilingual Technical Support (Russian/English)
• Help IT specialists in setting up the service and personal account (Russian/English)
• Personal Manager (Russian/English)
• Claims work with acquiring banks
• Ability to disable 3D Secure

Additional benefits:

• The license of the Central Bank of the Russian Federation (received by NPO PayU in 2013) allows you to settle with legal entities
• Multiequiring - within the framework of one bilateral agreement, the company connects the Internet site to more than 4 different banks, guaranteeing the stability and uninterrupted operation of the service
• Cascade payment - if the transaction is rejected in one bank, the payment is sent for authorization the next, until the transaction is confirmed
• Proprietary intelligent fraud monitoring system - works on the principle of scoring. Includes 130 different parameters and their combinations. Transactions that fail automatic validation are manually managed.
• Mobile App Payment SDK (iOs and Android)
• Holding of funds on the card (Pre-authorization of funds on the card with subsequent confirmation of debiting on the client's side. Hold can be set for any period, up to 30 days.)
• Unique PayU -Flash development - payment page in a pop-up window on the site (provides a 15-20% increase in conversion)
• Background purchases - the ability for an online store to provide customers with payment for goods only after confirming the goods balances in the warehouse.
• Possibility of payment with foreign cards without restrictions
• Ability to pay without 3DS
• Full or partial (including multiple) returns - available at any time from your personal account. No return paperwork.
• The ability to integrate on the PayU side, customers do not need to use their own IT service
• PayU has a "Unified Solution" offer, within which the company's customers are able to work through the electronic document management system Diadoc (all expenses for outgoing correspondence, as well as obtaining a cloud signature, PayU assumes), receive ready-made integration into a service that aggregates all delivery services, under a single agreement and at special tariffs, an additional payment method - online lending, discounts on the development and promotion of an online store.
• Online lending and installments - as additional payment methods for buyers of our customers.
• Joint marketing activities aimed at increasing prepaid orders (contests, lotteries, email mailings with promo offers)
• Consumer Protection Program
• Partner program - additional opportunities for earning money

In addition, online lending from Paylate is available to customers of online stores working with PayU, as well as the ability to pay for purchases using MasterPass (as of May 2016).

2013: PayU named India's best payment system for second time

PayU won the title of Best Payment System in India in early 2013, becoming the winner of the Retail Technology Awards 2013. The company won this award for the second year in a row. The international company PayU, which provides Internet acquiring and processing services for electronic payments, won the Indian prestigious Retailer Technology Awards 2013. By the decision of the jury, it was recognized as the company of the year in the nomination "Payment technologies for stores." The company has received this award for the second year in a row.

The Retailer Technology Awards are established and held annually by Franchise India, the largest Asian franchising operator. The goal of the award is to encourage companies that have successfully operated and innovated in the Indian e-commerce market during the year. The award ceremony was held on February 15, 2013 at The Claridges Surajkund Hotel in the vicinity of New Delhi.

Candidates for the "Payment Technologies for Retail" nomination during 2012 had to use innovative solutions that help stores work more efficiently and achieve tangible growth. They were supposed to give a wide variety of payment methods and types of payments, provide a safe and reliable payment gateway for stores, improve protection against Internet fraud and take care of customer loyalty. Several Indian companies were represented in this nomination. An expert jury found that it was the activities of PayU India that most fully met the stated criteria.

In addition to standard documents, PayU India's application included data from several hundred Indian stores indicating an increase in conversion after starting work with PayU, as well as a case on a solution based on iframe technology and a one-click card verification function.

Over the past year, PayU has repeatedly won competitions and awards around the world. It was recognized as the best payment system of 2012 in Poland and Romania, and was also nominated for this title in Turkey.

2012: Representative Offices and Partnerships

PayU (Russian PeiU) is an international payment integrator that offers Internet acquiring and processing services for online payments using bank cards and electronic wallets.

The holding's interests included: e-commerce, media, television and radio broadcasting. Naspers is a shareholder in such projects on the Internet as Facebook, Mail.ru, Tensent QQ, BuscaPe and others.

As of April 2012, the holding had representative offices in, To Poland,, Czech Republic,, Romania, and REPUBLIC OF SOUTH AFRICA India(Turkey Russia To Ukraine closed in 2015).

PayU was an official partner of payment systems using,, and also bank cards Visa MasterCard acted as a partner Russian payment systems of payment using electronic cash:,, and Yandex.Money(Qiwi Purse as of WebMoney Деньги@Mail.ru April 2012).

2011: Beginning of work in Russia

The company began operating in Russia in 2011. In 2012, LLC NPO PayU was registered.

2006: Creation of PayU SA

In November 2006, PayU SA was established and a Polish firm joined the group Platnosci.pl.^[1]

2005: Getting Started in Eastern Europe

The PayU Group has been operating in Eastern Europe since 2005.^[2]

2002: Founding of the Company

PayU was founded in 2002.

Notes