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1 bn USD Worth of Credit to be Disbursed by PayU by 2023
June 03, 2019
Global head of credit business, PayU Siddhartha Jajodia said that the company is looking to disburse loans worth one billion USD during the next 3 years. He said that the online payments service provider is growing at a rate of 25% month over month and that EMI and personal loans are the main focus for the next 3 years.
PayU ventured into the credit business in April 2017 with LazyPay which is a deferred payments service that allows the people to buy products now and pay later. However, now the company has launched many other services viz. personal loans and EMI.
Photo credit: Dr PS Sahana * Kadamtala Howrah on Visualhunt.com / CC BY
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