Thu, Aug 24, 2017 | updated 02:21 PM IST

PayUmoney Seller app enables merchants to recover from challenges of currency demonetization

Updated: Nov 18, 2016 13:21 IST      
PayUmoney Seller app enables merchants to recover from challenges of currency demonetization
New Delhi [India], Nov 18 (ANI): The recent demonetization of Rs. 500 and 1000 currency notes have created operational challenges for all small merchants by restricting cash transactions.

In this scenario, PayUmoney Seller App has come to the aid of merchants, allowing them to start accepting payments immediately, without any loss of business opportunity.

"This PayUmoney Seller App is the only way that's helping us and our business accept payments," said Amit Chauhan from BeyondBreadsIndia.

"100 percent rise in transactions and no issues till now with PayUmoney Seller App," added Amit while giving it a rating of "9 out of 10."

Imran Khan from ZXMarkets, an online trading platform dealing in Forex, CFD, Commodities, Indices and Stocks, was also quick to note that the PayUmoney Seller App has been helpful for his business after the currency ban.

He observed an increase to 20 percent to 30 percent in the transaction, further giving PayUmoney Seller App a rating of 10 on 10.

"The PayUmoney Seller App makes it quick and convenient for the merchants to start accepting payments via digital mediums like credit or debit card and net-banking. We welcome new merchants to our platform, who are looking for means to sustain and scale-up their operations. In the last week, this has resulted in a 250 percent increase in our app download and transaction volumes have gone up by 85 percent," said Head of SMB Business at PayU India, Pradeep Shekhawat. (ANI)

New Delhi [India], August 24 (ANI): Tata Sons on Thursday announced the appointment of Roopa Purushothaman as Chief Economist and Head of Policy Advocacy, effective September 1.

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RBI unveils Rs. 200 note, to be issued on Friday

Updated: Aug 24, 2017 13:43 IST     

New Delhi [India], August 24 (ANI): The Reserve Bank of India (RBI) on Thursday unveiled the design of the new Rs. 200 currency note, which will be issued on August 25, 2017 from select RBI offices, and some banks.

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New Delhi [India], August 23 (ANI): Truecaller on Wednesday announced that the company achieved a record 200 million impressions in a single day, thus registering a 300 percent growth in its in-app advertising platform in one year.

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Women take centre stage at Paddy Fields 2017

Updated: Aug 23, 2017 18:34 IST     

New Delhi [India], August 21 (ANI-NewsVoir): In a first of its kind, a musical event will be organized with only women performers taking centre stage in the country. Nesco, India's largest exhibition center is fast becoming a hub for various social, cultural and entertainment events marks their second season of Paddy Fields, a folk and fusion music event with eight women singers from various parts of the country to perform on October 7 and 8 this year.

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Taxmann launches new features in its GST compliance software

Updated: Aug 23, 2017 18:16 IST     

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New Delhi [India], August 23 (ANI): Envisioning the consolidation of nationalised banks into more competitive units, the Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday gave its in-principle approval for Public Sector Banks (PSB) to amalgamate through an Alternative Mechanism (AM).

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UK International Trade chief ends three-day visit to India

Updated: Aug 23, 2017 18:05 IST     

New Delhi [India], Aug.23 (ANI): The Director General of International Trade and Investment, Department for International Trade, Dr. Catherine Raines, visited India from August 21 to August 23.

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New Delhi [India], August 23 (ANI): Tata Sons on Wednesday announced the appointment of Banmali Agrawala as the President of Infrastructure, Defence and Aerospace vertical, will effect from October 1.

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Former Oracle CFO Jeff Epstein joins Moglix Advisory Board

Updated: Aug 23, 2017 13:36 IST     

New Delhi [India], August 23 (ANI): In a move to strengthen its leadership, Moglix, a B2B e-commerce marketplace Moglix on Wednesday roped in Jeff Epstein, Operating Partner at Bessemer Venture Partners and former CFO of Oracle, to its Board of Advisors.

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Amitabh Kant to launch 'Mentor India' campaign on Wednesday

Updated: Aug 22, 2017 18:39 IST     

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