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PayU is a Netherlands-based payment service provider to online merchants. [ 1 ] [ 2 ] The company was founded in 2002, [ 3 ] and is headquartered in Hoofddorp . It allows online businesses to accept and process payments through payment methods that can be integrated with web and mobile applications.
PhonePe is an Indian digital payments and financial services company headquartered in Bengaluru, Karnataka, India. [5] [6] It was founded in December 2015, [7] [2] by Sameer Nigam, Rahul Chari and Burzin Engineer. [8]
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Microsoft Pay (previously Microsoft Wallet) was a mobile payment and digital wallet service by Microsoft that allowed users to make payments and store loyalty cards on certain mobile devices, as well on PCs using the Microsoft Edge browser.
Some PSPs provide services to process other next generation methods (payment systems) including cash payments, wallets, prepaid cards or vouchers, and even paper or e-check processing. [citation needed] PSP fees are typically charged in one of two ways: as a percentage of each transaction, or as a fixed cost per transaction. [citation needed]
In July 2019, fintech and e-payment business PayU took a majority stake in Red Dot Payment. The deal valued Red Dot Payment at US$65 million and saw founder and CEO Randy Tan retain a stake in the firm, while majority of its shareholders exited.