At PayU, we have always been committed to assisting businesses to go live and digitise their transactions. The three key steps for businesses to initiate the online payment processing process include onboarding, risk assessment and underwriting. In the past, completing these steps required a great deal of human labour, involving cumbersome paperwork, checks, and so on. Today, we are proud to introduce one of the fastest and easiest ways - "Join PayU and start collecting payments in a day!" :- www.deekpay.com

We are pleased to announce that PayU now offers automated merchant underwriting and risk assessment services combined with real-time onboarding - a service that has been offered since the company's inception! Whereas the industry average for the entire onboarding process - including activation, KYC verification, risk assessment and settlement - typically takes 10 to 15 days, the average time for PayU merchants has been reduced to just 1 day!

As an industry pioneer, PayU is the first to introduce these unique services for merchants. With advanced machine learning technology and artificial intelligence algorithms, merchants can now start collecting payments faster! These technological advances increase the speed of document processing and risk assessment, which we have achieved based on our experience underwriting over 350,000 merchants.

In addition, it will help minimise the loss of business and cash flow issues faced by merchants due to a more accurate underwriting and risk assessment process.

Let us know about these features:

Risk assessment: This is a review of the compliance and reputation of the merchant. For example, parameters such as the legality of the business engaged in by the merchant, the financial status of the merchant, and the merchant's ability to serve its customers.

Merchant Underwriting: One of the most challenging and complex tasks in the onboarding process, PayU utilises machine learning based algorithms to underwrite merchants in real time. This is the result of our learning and experience from underwriting over 350,000 merchants.

Automated on-boarding: we have simplified and digitised this cumbersome and time-consuming process, greatly enhancing convenience for merchants.

Key features of automated entry include:

Eliminates the need for paper documents and digital processes: ensures that business owners can complete the verification process from the comfort of their home!

Best-in-class OCR Recognition: Reducing Delays and Errors in Document Processing

OTP-based bank validation and simplified documentation process (for certain categories of businesses)

Reduced human error: human intervention is minimised as machine learning systems perform fraud detection and other security checks

Hear what our customers have to say!

"Our hotel is located opposite the Bharatpur Bird Sanctuary which is a long way from the city. For a business like ours, completing KYC compliance could have required us to travel back and forth. But with the help of PayU's automated onboarding process, all these hassles have been taken care of, saving us time and effort. Today, it's important for the hospitality industry to accept online payments, which requires a merchant account. We were unsure about the process, but PayU helped us register as a trusted business entity through their merchant underwriting and risk assessment process.PayU has helped us receive all payments from our customers quickly, making our business operations efficient and smooth. It also facilitates payments to our suppliers and avoids delays in bank transfers, which is crucial for hotel business operations. We thank PayU for making this so convenient," said Mr Jaisal Faujdar, Managing Director of Swaraj Hotels.

reach a verdict

Whether you're a merchant in the apparel industry or in the travel industry, providing your customers with a seamless checkout experience is vital to the growth of any business. At PayU, we are fully committed to ensuring that we provide the best online payment solutions for both merchants and customers.

PayU, the best payment gateway in India, is an all-inclusive payment solution! To enjoy the best payment gateway experience and grow your business with ease, join us.