Tech innovations continue to be carried out in the online payment space as digital payment companies aggressively come up with ways for a faster, smoother and more secured online transaction. In a similar effort, PayUbiz has come up with a CVV-less payment technology, saving you from entering your CVV number every time you make a transaction.
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,
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 enhance their online payment experience.
Kothari further said that this was an effort towards extending the benefits of their innovative fin-tech to the merchants who are expanding on various platforms, be it mobile or desktop.
We aim at giving a seamless payment experience to buyers and therefore, have developed innovative technology for our partner merchants,
PayUbiz has also filed a patent for this innovation. The CVV-less technology is already being used by PepperTap, Goibibo, redBus, Twigly, and PayUmoney with the talks of integration with more industry leaders. The tech makes the payments simpler and further improves the online transaction success rates.
The company claims that the technology is an absolutely secure & convenient digital payment solution, which is PCI-DSS certified, the highest standard in the payment industry. Moreover, it is also in compliance with RBI payment and Settlement systems act 2007.
PayUBiz is a B2B division under the aegis of PayU India, offering its payment gateway solution to many enterprises such as Snapdeal, Jabong, Bookmyshow, Ola, Cleartrip, Redbus, GoIbibo, Zomato etc. The company had previously launched other interesting features such as OneTap Payment, Magic Retry to trivialize payments and considerably enhance transaction success rates.