PayUbiz unveils patent pending CVV-less online payment technology

NEW DELHI: Homegrown online payment enabler PayUbiz reveals its revolutionary CVV-less technology to improvise user experience and enhance transaction success rates for online payments. The new feature gives CVV-less payment flow to consumers making payments online on PayUbiz partner merchants who are using this technology. The feature is platform agnostic and works for both Web (desktop and mobile) and Mobile Apps (Android & iOS).

Further elaborating on the launch of CVV-less technology, Rahul Kothari, Head of Business, PayUbiz commented, “We aim at giving a seamless payment experience to buyers and therefore, have developed innovative technology for our partner merchants. This is an effort towards extending the benefits of our innovative fin-tech to the merchants who are expanding on various platforms, be it mobile or desktop. Our innovation removes the need for entering CVV and enables a CVV less payment flow. This achievement has motivated many new merchants to sign-up with us and enhances their online payment experience.”

PayUbiz has also filed a patent for this innovation. The company says that its CVV-less technology is already being used by PepperTap, Goibibo, RedBus, Twigly, PayUmoney and the process of integration is on with more industry leaders. This is an absolutely secure and convenient digital payment solution, which is PCI-DSS certified, a highest standard in payment industry. Moreover it complies with RBI payment and Settlement systems act 2007.

In the past PayUbiz has launched innovative features such as OneTap Payment, Magic Retry to trivialize payments and considerably enhance transaction success rates. CVV-less technology is yet another innovation that makes payments simpler and further improves transaction success rates.

PayUbiz is a leading payment gateway solution provider used by more than 80 of the top 100 e-commerce companies. The payment gateway is used by large enterprises such as Snapdeal, Jabong, Bookmyshow, Ola, Cleartrip, Redbus, GoIbibo, Zomato etc. It is a B2B division that functions under the aegis of PayU India.

PayUbiz is a one stop solution for all payment gateway needs of a merchant. PayUbiz is a highly sophisticated tech product which uses best in class technology and innovative set of algorithms & protocols. It provides a seamless payment experience to the consumers resulting into more business for the merchants and it is primarily designed for that. PayUbiz provides the largest collection of payment methods and promises an increased conversion rate of 10-12% percent than average, which is a big deal for any e-commerce company.