
Digital payment firm PayU eyes sevenfold growth in SMB vertical
The Hindu
Digital payment firm PayU sees SMB surge Digital payment firm PayU said its small and medium business (SMB) vertical saw a growth rate of almost 80-90% or twice the growth rate of the firm. In the ne
Digital payment firm PayU said its small and medium business (SMB) vertical saw a growth rate of almost 80-90% or twice the growth rate of the firm. In the next 4 years, this vertical may see 5 to 7 times growth, said Mohit Gopal, senior VP, PayU India. He said volumes in the vertical grew 5 times over the last 4-5 years as SMBs were fast adopting the digital mode of payment.

Insurance penetration and density are often misunderstood and do not reveal how many families are insured or whether they would be financially secure if the main earning member were to die. The real issue is not reach but adequacy, as households may have life insurance but not enough cover to replace lost income, leaving them financially vulnerable.












