PayUbiz, a payment gateway provider in India, has unveiled "One Tap" technology, which will make payments through credit and debit cards easier by just tapping once on the screen.
One Tap technology is a combination of four different tech innovations that together provide a seamless online payments experience, the company's statement said. The store card feature ensures that the consumers do not have to go through the pain of putting in the 16-digit card number repeatedly. The first-factor authentication of putting the CVV each time while making an online payment is dispelled by the No-CVV feature.
“We are working with other partner e-commerce companies to get this live as soon as possible on their platforms. Some of the other apps where users will experience it in next few weeks are PepperTap, redBus, Goibibo, Grofers, BigBasket, JustDial, Xiaomi, Musafir and Nearbuy,” Rahul Kothari, Business Head at PayUbiz, said in a press release.
The Gurgaon-based company claims to service over 80 of the top 100 e-commerce companies in India, including Goibibo, Snapdeal, BookMyShow, Yatra and Zomato. According to a report released by PayU India in June this year, grocery contributes to 5% of its overall e-commerce transactions and it expects this to rise to 35% by June next year. The One Tap feature works well with impulsive categories like grocery.
PayU India rebranded both its products PayU Enterprise and PayUmoney to establish them as clear independent businesses. As per the recent rebranding initiative, PayU Enterprise is now called PayUbiz with a blue-colored logo while the logo of PayUmoney switches colors from blue to green. PayUbiz is used by large enterprises such as Snapdeal, Jabong, BookMyShow, Ola, Cleartrip, redBus, Goibibo, Zomato, etc.
On the other hand, PayUmoney is the consumer business of PayU India and has a wallet solution for consumers and payment acceptance solution for SMB businesses, which has now changed into a green-colored logo. PayUmoney has two propositions. It is a wallet solution for customers and is accepted at over 65,000 merchants including the likes of BookMyShow, Jabong, Goibibo, Domino's, etc.
PayUbiz is a payment gateway in India which offers online payments with credit cards, debit cards and net banking. The company serves merchants from all over the globe. If you are running your Ecwid store in the Indian market or want to sell worldwide, PayUbiz is an excellent solution to receive payments from your customers. The company offers an online interface (known as PayU merchant dashboard) where the merchant has access to various features, like viewing all the transaction details, extracting settlement reports & analytical reports, analyzing success ratios and much more. Through this interface, the merchant can also execute actions like capturing, cancelling and refunding the transactions.
Source: The Indian Express