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PayU credit score lending unit PaySense reduces manpower

PayU reduces the manpower at PaySense, the digital credit score enterprise it acquired in an all-cash deal in January this 12 months.

Whereas a PayU spokesperson confirmed the event, the corporate didnt specify the variety of workers which might be being, or have been terminated. Nevertheless, based on sources conscious of the matter, an estimated 40-50 workers, throughout gross sales and different operational features, have been fired.

As we progress to be future prepared and discover efficiencies in our enterprise and automate, sure roles and features grow to be redundant. The place attainable weve got absorbed, repurposed or re-skilled roles to retain as many individuals as attainable inside plenty of features within the organisation. Were working exhausting with these impacted to assist them throughout this transition interval, a PayU spokesperson advised Economic Times.

According to PayU spokesperson manpower restructuring had been a results of the corporate automating numerous processes. however to allow us to construct the end-to-end digital enterprise and transfer in direction of automation as we have to obtain our mission of providing a credit score platform for underserved shoppers in India, the spokesperson added.