Payment gateway company PayU India has launched its wallet service, PayUMoney Wallet, using which shopper in India can pay through normal payment methods like credit card, debit card or netbanking account and get rewarded on every transaction.
The e-wallet is accepted across more than 8,500 e-commerce stores and on every transaction, users can get up to 10% cashback instantly. This cashback can be used as a discount on the very next purchase.
Users can store their credit card or debit details once and do a one-click checkout in the next transaction.
To use the wallet all a user need to do is select PayUMoney as a payment option on the portal and thereafter continue paying through usual payment modes like credit card, debit card and netbanking.
PayUMoney’s cashback offer gets a guaranteed cashback in addition to any discounts offered by a merchant or a credit card issuing bank. The cashback value ranges between 2% to 10%.
The service also come with a buyer protection program, which it launched in November 2013, through which a consumer gets an option to release his payments only on a satisfactory purchase and can raise a dispute in case of any mismatch of expectations.
Recently the company had rebranded itself from PauUPaisa to PayUMoney.
Earlier Paytm launched its App Marketplace that gives its mobile users access to over 250 merchants/100,000 items on their phone.