The PayU Money Wallet Company said, “We would like to inform you that the PayU Money wallet issued by RBL will be closing its services on January 31, 2018. Although we are restricting loading money to PayU Money Wallet from today (January 4) onwards, you can still shop favorite brands.” Jitendra Gupta, Co-founder of Citrus and Managing Director of PayU India said, “We will keep the wallet live as long as we see steady use cases but the focus is going to be on credit through Lazy Pay. We are seeing higher traction in this business and majority of our users are transacting at least twice a month”.
Lazy Pay lets a consumer pay for goods and services purchased online later. The company has been focusing on adding new merchants across various sectors where instant credit can be a plug-n-play arrangement.