Wikipedia Draft:PayU Finance

PayU Finance India Private Limited(“PayU Finance”) is a non - deposit taking systemically important non - banking financial company registered with the Reserve Bank of India(“RBI”) vide certificate of registration(CoR) number 13.00127 dated 21 February 2019. PayU Finance is engaged inter alia in the business of providing products, enterprise lending and specific lending, apart from providing certain technology related services, financial services, or a combination of both..

PayU is the payments and fintech business of Prosus, a global consumer internet group and one of the largest technology investors in the world. Prosus has a primary listing on Euronext Amsterdam (AEX:PRX) and a secondary listing on the Johannesburg Stock Exchange (XJSE:PRX), and is majority owned by Naspers.

PayU Finance extends credit to Indian customers not covered by traditional banks via its various lending programs including unsecured personal loans.

Products offered:

1. Instant personal loans One can Access instant personal loans for salaried and self - employed professionals, with low - interest rates, flexible tenures and easy EMI repayment.

2. Shop Now, Pay Later Applicants can buy now and pay later (BNPL) on 250 + apps and websites with LazyPay through one - tap payment on merchant checkout or use credit when paying with UPI.

3. Shop in installments Payments can be made later via EMIs with flexible plans of PayU Finance that are easy to use and avoid exorbitant interest rates on credit cards.

Digital payments gateway provider PayU has acquired a controlling stake in Mumbai-based consumer lending platform PaySense and all its assets at a valuation of $185 million. PayU, which is backed by South African internet and media giant Naspers, also said it will merge its existing pre-approved credit platform LazyPay with PaySense.

With a fresh combined entity, PayU said, its digital credit platform will also enable third parties such as banks, non-banking financial companies and alternate lenders to co-lend to consumers. PaySense currently provides online loans for different purposes including for personal use, vehicle financing, financing for marriages, vacations, and home renovation.

Directors of Payu Finance India Private Limited are Hemang Madhusudan Dattani, Prashanth Ranganathan, Maneesh Goel, Anirban Mukherjee.

Payu Finance India Private Limited's Corporate Identification Number is (CIN) U65910MH1992PTC068664 and its registration number is 68664. Its Email address is secretarial@payu.in and its registered address is 102, EMPRESA, 2ND ROAD, KHAR (WEST), NEAR AMORE MUMBAI MAHARASHTRA - 400052 INDIA.