Three-Party Payments Licence in India: a review of PayU's developments and innovations in 2019

As 2019 comes to a close, we thought it would be a good time to reflect on the progress we've made in our fintech journey. Before we share our growth in 2019, we want to start by saying thank you for making PayU what it is today! Our success would not have been possible without your support, and for that we are deeply grateful.

Here's an overview of our achievements and product innovations during the year. Please read on and share your thoughts in the comments section. We look forward to hearing from you!

**Strategic acquisitions and investments**

To support growing startups and further advance the fintech ecosystem, we made a series of strategic investments and acquisitions in 2019.

We acquired Wibmo, a California-based payments and security company, in a $70 million deal. This deal brings our total fintech investments to over $500 million. With this acquisition, we aim to provide our partners with a more secure and seamless payment experience. We led an $11 million funding round for Fisdom - a wealth tech startup. This move marks our entry into the wealth and investment technology space to broaden our financial services offerings. We also invested $7 million in our consumer lending entity, Lazypay, which is growing at a phenomenal rate!

**Partnership**

We have partnerships with Zoho CRM and Shopmatic to enable users to accept payments directly from these platforms.

**Product innovation**

As an industry leader, we must continue to innovate and provide our users with the latest FinTech technologies and payment solutions. To meet your payment needs, we create the products you expect!

PayU Payouts - helps businesses seamlessly make bulk payments to anyone, at any time, using NEFT, IMPS or UPI. With PayU Payouts, you can pay vendors and employees, issue bonuses and initiate bulk refunds. Subscription Services -- Help businesses easily accept and manage recurring payments from customers. Instant Settlement -- improves cash flow for businesses by settling funds into their bank accounts the same day.PayU Assist -- an AI and ML-based service platform that provides our merchants with the ability to automate customer service and accelerate problem resolution.

We've also launched our new PayU app to help you accept payments and manage transactions anytime, anywhere!

**Towards a new beginning**

As we move into 2020, we are taking this opportunity to showcase our new look! With our new look, we are very excited to power your business. Visit payu.in now to check it out!

We look forward to the wonderful opportunities the new year will bring. We wish you a very Happy New Year. Let us work together to build a new India!

Creators and entrepreneurs, the power is yours! Go forth and prosper!

#HAPPY2020