A customer can choose to pay through PayUMoney on an e-commerce website and create a wallet account while paying on the website. Once the account is created, the user can continue paying through usual payment modes like Credit Card, Debit Card and Netbanking.
The user can also load this wallet up to a maximum of INR 10,000 and use it on more than 62,000 merchants where PayUMoney is accepted as a payment option. Every transaction which happens through PayUMoney is protected by PayUMoney’s Buyer Protection Policy which simply means that either the buyer will get his promised goods or services or PayUMoney will refund the money back into user’s wallet account in case of mismatch expectations. Furthermore, users will get guaranteed PayUMoney reward points, every time they use PayUMoney to pay online.
Earlier, HDFC bank had announced the launch of their virtual wallet which can be used by non-HDFC customers as well.