Payu India
PayU gives pink slip to 150 employees, no plans of 'major downsizing'
The layoffs were undertaken to realign the teams locally
 "PayU gives pink slip to 150 employees, no plans of 'major downsizing'")
Former Nykaa CFO Arvind Agarwal joins PayU India as chief financial officer
"We are excited to welcome Arvind to our leadership team," said Prosus-owned PayU India in a statement
 "Former Nykaa CFO Arvind Agarwal joins PayU India as chief financial officer")
A Rs 5,000 cr opportunity: Hinterland is Pine Labs' BNPL money-spinner
These include products like smartphones, wearables, large appliances, smart televisions, and washing machines
 "A Rs 5,000 cr opportunity: Hinterland is Pine Labs' BNPL money-spinner")
CCI clears PayU's $4.7 billion BillDesk acquisition after a year
BillDesk, founded in 2000, is an Indian success story and one of the leading payment businesses in the country
 "CCI clears PayU's $4.7 billion BillDesk acquisition after a year")
Mastercard enables 200,000 merchants for card-on-file tokenisation
Mastercard said it worked with 45,000 merchants, 34 issuing banks, 10 acquiring banks, and 30-plus token requestors (including all major payment aggregators) to create 90 million tokens
 "Mastercard enables 200,000 merchants for card-on-file tokenisation")
Decoded: The tizzy over RBI's ban on loading PPIs from credit lines
PPIs are instruments that facilitate the purchase of goods and services, conduct of financial services, enable remittance facilities, etc., against the value stored in them
 "Decoded: The tizzy over RBI's ban on loading PPIs from credit lines")
Payment service provider PayU's SMB vertical sees 70% jump in revenues
In September last year, PayU agreed to acquire payments gateway BillDesk in an all-cash transaction of $4.7 billion
indiagold to raise $12 mn in funding round led by PayU, AWI Fund
Launched in 2020, indiagold offers gold-backed loans, gold savings, and gold locker services to over a million consumers in India
 "indiagold to raise $12 mn in funding round led by PayU, AWI Fund")
Top headlines: PayU to acquire Billdesk; JLR warns of lower Q2 volumes
Business Standard brings you the top headlines of the day.
 "Top headlines: PayU to acquire Billdesk; JLR warns of lower Q2 volumes")
PayU pares losses by 28% at Rs 120 cr in FY19 on back of rising revenues
The firm reported a loss of Rs 148 core in FY18
 "PayU pares losses by 28% at Rs 120 cr in FY19 on back of rising revenues")
Mswipe to acquire PayU's offline POS business operations
Both the brands to acquire new merchants & gain wider acceptance as a payment option
 "Mswipe to acquire PayU's offline POS business operations")
PayU launches online deferral payment facility LazyPay from Rs 3K to Rs 10K
Aimed at those who transact digitally for amount between Rs 500-2,500 and is an option to pay later
 "PayU launches online deferral payment facility LazyPay from Rs 3K to Rs 10K")
