PayU is a fin-tech company that develops payment technology for internet traders. It was established in 2002 in the Dutch town of Hoofddorp. The firm is owned by the Naspers Group. The company’s services enable online entrepreneurs to receive and make payments by using techniques integrated with the Internet and mobile devices. Technically the PayU is the result of numerous payment gateways in diverse regions of the world which have been obtained and added to the PayU group. At present, the company renders its services in 17 countries.