Now I am afraid that similar\u00a0 problem may be in the making\u00a0 in PayU.<\/p>\n
I am giving below a series of twitter messages exchanged with PayUCare regarding a complaint of payments withheld by the company. It could be for renewal of KYC in the beginning but if it was only that simple, it should have been resolved by now.<\/p>\n
Unfortunately the correspondence indicates that there is no follow up on the complaint and the internal systems must have failed and one department is not able to communicate to other.<\/p>\n
There is also no other communication channel between the customer and the company where responses may be expected.<\/p>\n
It is clear that the Twitter complaints are being responded to by a bot which is supposed to be driven by AI but it is an AI with no intelligence.<\/p>\n In this context it is only Twitter PayUCare which is atleast returning some acknowledgements. Otherwise there is no e-mail or phone on which the company can be contacted.\u00a0 There is a so called “relationship manager” on e-mail who simply forwards the mail to his “team”.<\/p>\n A typical response from the relationship manager is captured below.<\/p>\n <\/p>\n <\/p>\n I leave it to the technology specialists to defend these types of Bots which are more an irritant and instruments of diversion of customer complaints than instruments of resolution of grievances. I am not sure if\u00a0 even the e-mail is bot generated.<\/p>\n But, I want to highlight the failure of CERT-IN and RBI in maintaining a trustworthy regulatory framework for payments.<\/p>\n Under ITA 2000\/8 it is mandatory for PayU to have a grievance redressal system and publish the name of the\u00a0 grievance redressal officer along with his contact details.<\/p>\n This is a requirement under section 79 of ITA 2000. We expect CERT IN to raise this issue with Pay U. (My complaint\u00a0 with CERT IN has already been made).<\/p>\n Further Reserve Bank of India also has a responsibility to ensure that all these Fintech Intermediaries follow certain basic principles of customer care including providing a proper contact point.<\/p>\n Normally these disputes are supposed to be resolved privately but I am placing this for open debate\u00a0 because the company has not left any option to contact them, escalate the grievance to a higher level. Even the regulators are not alert to their responsibilities and I am sure that RBI is considering more licenses to PayU for expanding its footprint in the Indian FINTECH industry.<\/p>\n Let me see if this post opens the eyes of the company and the regulators. I hope my speculation that like Net4India, PayU is on a path to withdraw from Indian business does not turn out to be true.<\/p>\n Naavi<\/p>\n At last, on16th August 2022, the pending payment was received.<\/p>\n Naavi<\/p>\n","protected":false},"excerpt":{"rendered":" PayU is a significant player in the online payment settlement system in India. It was one of the earliest payment gateways and took over significant market share from CCAVENUE. However, of late some thing has happened to this Company.\u00a0 It … Continue reading ![\"\"](\"https:\/\/www.naavi.org\/wp\/wp-content\/uploads\/2022\/08\/Screenshot_20220812-101823_Twitter-1-461x1024.jpg\"){kind=spacer}
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