PayU launches initiative to support residential societies collect dues amidst COVID-19 pandemic

PayU, India's leading payment gateway, has launched an initiative to help residential societies and its residents to collect and transfer their dues online amidst COVID-19 pandemic.

Through PayU's offering, a resident welfare association (RWA) will be able to build a free customized website for its society with a built-in payment gateway and give residents a seamless checkout experience.

The societies and RWA's will be able to collect their dues instantly with payment links, which can be easily created and shared with residents via SMS, email and WhatsApp from the web or PayU app. The dues will be transferred immediately to the RWA's bank account.

RWA's and societies will be able to auto-generate their society invoices and will be able to share it with residents via their preferred mode of communication. The residents will be able to pay their dues via 100 plus payment modes including credit cards, debit cards, UPI, Net banking etc. from anywhere, anytime in a single click.

This initiative will be of great help for residents living in the society in the given scenario, because of its contactless nature and quick payment collection technology, adding to their safety and health aspect. For societies, customisable webfronts offer free websites, easy tracking and reconciliation of payments for administration purposes and reduction of human error. For residents, they offer a contactless, convenient and highly secure and transparent mode of paying their monthly dues.

Recently PayU also launched several innovative initiatives to help merchants, small and medium businesses (SMBs), NGOs and entrepreneurs manage the disruption caused by the COVID-19 crisis.

For SMB's, PayU offered to build a free website for any merchant's business with a built-in payment gateway and get 100 per cent TDR waiver on the first Rs 50,000 worth of business done via PayU. Extending their support to NGOs and charities in collecting relief donations for COVID-19, PayU had announced zero transaction fees and processing of donations at no cost.

Through 'Startups Helping Startups' platform launched by PayU, emerging businesses were able to take help from each other. With as many as 32 partners such as Shopify, ZOHO, Shopmatic, Verloop, Atlassian, etc, start-ups were able to avail offers ranging from setting up e-commerce stores at Rs 50 per month to the free web, app and Whatsapp Chatbots for customer support automation.

Further to facilitate easy lending for businesses and help businesses get easy credit, PayU partnered with Indifi to bring easy loans for its merchants who needed credit to run their business smoothly. Merchants were able to avail loans that amounted up to Rs 50 lakhs with offers such as revolving line of credit with the flexibility of drawdown as and when needed.

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( With inputs from ANI )