Razorpay, an online payment gateway, said it has partnered with wallet and payment option provider PayUmoney to offer Razorpay merchants the option to collect payments via PayUmoney.
The agreement will help Razorpay’s 9,000 registered merchants avail the advantage of offering cashbacks for transactions on their platform. In the first stage, over 1,500 merchants will be taken live on PayUmoney, while others will be able to accept payments through the online pay service later.
“We aim to provide consumers a variety of payment options including online wallets. PayUmoney will be reflected as an additional wallet option for all merchants on Razorpay, without them having to add any extra code, making it easy and convenient¨,said Harshil Mathur, CEO and Co-Founder Razorpay.
Razorpay is a payments platform for e-commerce businesses in India and provides a secure link between merchant website, various card issuing institutions, banks and payment networks.
PayUmoney offers payment option, wallet and checkout services for anyone who wants to collect payments online and is currently used by over 150,000 merchants in India.