DIGITAL PAYMENTS FEASIBILITY CLOSE TO SEVEN MILLION TRANSACTIONS IN A DAY

The OND quarter witnesses a festive season in most parts of the world. We have seen a surge in liberal spending as the market is opening up and people are gearing up to spend on Luxury and travel.

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Even post-pandemic, digital payments continue to be the go-to payment option for shoppers. Consequently, payment platforms and gateways focus on devising ways to handle the expected surge in the volume of transactions.

In times like this, most fintech players rely on a combination of a robust technological infrastructure that can manage the pressure and meticulous planning to offer a seamless payment experience both for users and merchants alike.

In an exclusive interaction with Minu Sirsalewala Executive Editor - Special Projects, Dataquest, Narendra Babu, Chief Technology Officer, PayU shares his views on what it means for Payment gateway platforms like PayU to have the capability to handle the growth in volume and ensure performance. The Wibmo collaboration, PayU's tech growth strategy, and trends leading the payment segment.

Narendra Babu, comes to PayU with over two decades of experience in driving digital transformation strategies and building next-generation software products. Previously, he was with Walmart Labs Technology, India, where he led the supply chain businesses, building and leading large teams across India and the US. Prior to joining Walmart Labs, Narendra spent a decade at Google and Microsoft serving in multiple technology leadership roles. Find below the excerpts.

With the pandemic behind us and markets opening up there has been a visible spike in liberal spending during the festive season what it means for Payment gateway platforms like PayU?