PayU India announced the launch of its wallet service – ‘PayUMoney Wallet’ for online shoppers in India. With PayUMoney, a consumer can pay through normal payment methods like credit card, debit card or netbanking account.

PayUMoney wallet is accepted on more than 8,500 e-commerce websites such as Goibibo, Bookmyshow, Redbus, Tradus, Rechargeitnow, Ferns n Petals, Groupon, Travelyaari etc.

PayUMoney wallet is also offering 10 per cent cash back instantly on each transaction they make through PayUMoney. A consumer just needs to select PayUMoney as a payment option on an e-commerce website and thereafter continue paying through usual payment modes like Credit Card, Debit Card and Netbanking. The consumer gets a guaranteed cashback instantly in his PayUMoney wallet. On the very next purchase, the consumer can use this accrued cashback money as a discount. The consumer will again receive a cashback on the amount after discount.

PayUMoney’s cashback offer is a top-up on any discount or cashback being offered by a merchant or bank. This means a PayUMoney consumer gets a guaranteed cashback by PayUMoney in addition to any discounts offered by a merchant or a credit card issuing bank. The cashback value ranges between 2 per cent to 10 per cent.

The PayUMoney wallet comes with a stored card feature which allows a consumer to store his credit card or debit details once and do a one-click checkout in the next transaction.

Consumers will get an option to release payments from their account once they have made a satisfactory purchase and can raise a dispute in case of any mismatch of expectations. PayUMoney’s wallet can also be accessed through on smartphones.

Nitin Gupta, Co-founder & CEO, PayU India, said, “PayUMoney Wallet addresses the needs of consumers for better payment solutions which are convenience, wide acceptance and rewards.  PayUMoney has been integrated with more than 8,500 merchants which makes it the most widely available wallet service in the e-commerce category. Additionally, consumers get assured cashback every time they pay with PayUMoney. The intent is to allow users to pay through usual payment options like credit cards, debit cards or netbanking and reward them with instant cashbacks. In the process, we promise to deliver a quick and awesome payment experience to the user.”