PayConnect India is the flagship company of Naspers group which is a $25 Billion internet and media conglomerate listed on London and Johannesburg stock exchanges respectively. PayConnect provides payment gateway solutions to online businesses through its cutting-edge and award-winning technology. In India, PayConnect serves more than 4,50,000+ merchants with over 100+ payment methods and is the preferred payments partner for nearly 60% of the e-commerce merchants, including all leading e-commerce companies and a majority of airline businesses.
PayConnect also launched LazyPay in 2017, an alternate lending platform to offer credit solutions such as Small Ticket Credit (Buy Now Pay Later), App-based loans (Instant personal loans) and Point of Sale Credit (Merchant EMI). LazyPay Buy Now Pay Later is currently live on 100+ merchants such as Byju’s, Swiggy, Zomato, Samsung, Croma, PVR, Box8, Bookmyshow, ixigo, Netmeds and many more.
ibibo launches PayConnect PG for websites to integrate e-commerce transactions with online payments
Management team hired to service outside players
Demerged from Ibibo to become PayConnect India
PayConnect buys Citrus Pay for $130m
LazyPay launched along with the acquisition of a stake in ZestMoney and PaySense
India becomes the fastest-growing market for PayConnect, contributing 47% of TPV
Achieves $100m revenue in FY18; becomes the biggest market for PayConnect
Payments business turns profitable
NBFC license acquired for credit business, a key growth initiative
Profitability for PayConnect India consolidated
Leading online authentication provider for card payments, Wibmo acquired by PayConnect
To create a safe and secure ecosystem that enables anybody to make or receive payments, bringing convenience and trust through continuous innovation leveraging technology.