Emaar MGF partners PayU for online payment facility to buyers
Emaar MGF customers can now pay EMIs for their properties through PayUMoney
Oct 27, 2014
Source : The Economic Times
Emmar MGF


NEW DELHI: Realty firm Emaar MGF has tied up with payment gateway firm PayU India for providing an online payment facility to its customers.

"Emaar MGF customers can now pay EMIs for their properties through PayUMoney," the developer said in a statement today.

PayUMoney would help customers to pay anytime and any amount with no restrictions of NEFT or RTGS, it added.

PayU is one of the world's largest consumer payment processors. PayUMoney is a payment solution developed by PayU India.

"The association will enable Emaar MGF to offer a unique and secured payment gateway on its customer service portal 'e-Services'," Emaar MGF said in the statement.

Emaar MGF Land Ltd Chief Services Officer Ajay Nambiar said: "Considering the intense penetration of online services in the country, we realised it is the right time that the real estate industry integrates online connectivity to the plethora of its services."

"Incorporating the online payment services for our customers brings us at par with the Internet evolution and has eased a lot of our operational functions," he added.

Commenting on the development, PayUPayments Pvt Ltd VP & Business Head Vikrant Khorana said: "We are happy to partner with Emaar MGF as their payment gateway provider. Our objective is to provide convenience to their customers. They are now just a click away from making payments and keeping track of their investments."

Emaar MGF is a joint venture between MGF Developments Ltd and Dubai-based Emaar Properties. Delhi-based company started operations in India in mid-2005 and is engaged in residential, commercial, retail and hospitality projects across India.

PayU's parent company is Naspers Group, a USD 25 billion media and internet firm listed in Johannesberg and London stock exchange.

PayUMoney, developed by Gurgaon-based PayU India, serves more than 40,000 businesses with some of the prominent names like bookmyshow, goibibo, rechargeitnow, redbus etc.

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