Role: SSE/Lead Engineer - Java
Company: PayU Payments Pvt Ltd Location: Bangalore
PayU India is the flagship company of Naspers group, a $175 Billion internet and media conglomerate listed on London and Johannesburg stock exchanges respectively. PayU provides payment gateway solutions to online businesses through its cutting-edge and award winning technology. With a heritage in payments, PayU has a strong track record creating fast, simple and efficient financial services technologies that meet the unique needs of the merchants and consumers in 16 high growth markets. The mission of the company is to create a safe and secure ecosystem that enables anybody to make or receive payments. Bringing convenience and trust through continuous innovation leveraging technology.
PayU India, a 100% subsidiary of PayU, is broadly targeting three areas of growth - faster payments, credit, and digital or app based banks. In India, PayU covers nearly 60% of the airline business and 80% of the entire ecommerce business and processes over ₹40,000 crore of digital payments annually. It is the country’s leading payment processor and is doing over ₹6,000 crore worth of transactions on a monthly basis, the highest in the industry. PayU's payment gateway has a transaction success rate 10% higher than competitor platforms.
PayU is headquartered in Sohna Road, Gurgaon and has regional offices in Mumbai, Bangalore and Pune. With over 800 employees across India, it has dedicated teams for sales, operations, customer support, dispute resolution and marketing.
PayU India Leadership
Anirban Mukherjee is the CEO of PayU in India and reports to PayU Global CEO, Laurent le Moal. PayU India cofounder Shailaz Nag, as COO, focuses on Payments business & bank partnerships, while Jitendra Gupta, Founder Citrus heads the credit business at PayU
‘PayUbiz’ is the industry leading payment gateway and its clientele includes the likes of Jet Airways, Amazon, Airtel, Snapdeal, Jabong, Ola, Bookmyshow, Insurance companies and
many more. PayU India also has under its aegis ‘PayUmoney’, the fast, easy and secure payment solution which can be used by anyone who wants to collect payments in India (be it individuals, brick & mortar businesses, startups, freelancers, schools, hotels, utility companies, residential societies, telcos, insurance companies, traders, retailers etc.) PayU’s offerings are presently used by over 3,00,000 merchants all across India.
Driven with the zeal to create powerful financial services solutions, PayU acquired Citrus Pay, a Mumbai based Fintech Company in September 2016. At the time of the acquisition, PayU India and Citrus Pay were doing transactions of about ₹3,300 crore cumulatively. In the past eight months, PayU India has seen growth of 80%. After the merger, PayU has been focusing its energies in building its consumer vertical and launched its flagship product ‘LazyPay’, online deferral payment option in early 2017. LazyPay is currently live on merchants such as PVR, Box8, Zomato, Jazz Cinemas, Netmeds and Innerchef, D Vois, AbhiBus, Fasoos, FreshMenu and many more.
Mergers and Acquisitions / Investments
Date Acquired Amount Sep 14, 2016 Citrus Payment Solutions $ 130 M
Investments: Date Invested In Amount May 2017 Kreditech (Global) $ 120M Dec 2016 Zest Money (India) $ 3.7M
PayU has also invested $120 million in a German alternative lending startup named Kreditech, and the deal will see the Peter Thiel and IFC-backed startup entering India and working with PayU India on launching credit products in the country.
PayU also invested $3.7 million into the startup ZestMoney for a 20% stake in the company.
What you’ll be doing:
You will be working on the brand new credit product that is strategic to PayU’s fintech story. We are just getting started on the product and have a few marquee early customers trying it out. You will be getting in on the ground floor of what we hope to make a massive product line with wide business cases.
You will be working on Java related tech (Spring/Hibernate) and all aspects of product development. We love people who bring in a ton of grit and passion to the team. We work on cloud technologies and are always looking to improve our business and engineering efficiency. There is tons of headroom to grow and the team is just getting the feet planted.
What you’d need to bring to the table:
o The right candidate is expected to be an expert at Java and Spring/Hibernate. Strong computer science fundamentals are a must o Good communication skills.
So what do we offer?
o A Competitive salary, including benefits
o Modern offices with individual working spaces Exceptional projects
o Awesome teams that love finding ways of making things better, faster, stronger Interesting growth prospects