Case Study: PayU enhances LazyPay’s lending and BNPL experience with Thought Machine Vault Core

PayU - Customer Case Study

PayU, a prominent fintech and payment provider, sought to address the significant credit gap in India by enhancing its LazyPay loan and Buy-Now-Pay-Later service. The company was challenged by the limitations of outdated legacy technology, which hindered its ability to provide real-time financial statements, simplify multi-account management, and build the customized, personalized features its customers demanded. To overcome this, PayU partnered with vendor Thought Machine.

Thought Machine implemented its Vault Core platform to modernize PayU's credit services. The solution involved a successful migration of LazyPay's products and customer accounts, which was completed in under a year. This provided PayU with a scalable foundation to launch advanced, personalized lending products, setting a new industry standard and helping to address a multi-trillion dollar credit need for businesses and consumers across India.

PayU

Ramesh Mantripragada

Chief Technology Officer