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PayUMoney Launches Wallet With Cashbacks For Every Transaction

Payments company PayU India, which recently became independent of the Ibibo Group (MIH India) and rebranded its payment gateway to PayUMoney from PayUPaisa, has launched a semi-closed wallet service. To distinguish itself in an otherwise crowded market, the new wallet service gives you a 10% cashback for every transaction. However, do note that the maximum amount you can get as cashback is Rs 50.…

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