At a glance
Project year
Bank type
Cloud partner

Financial institutions are struggling to close the credit gap in India. The demand for digital, always-on, and personalised borrowing and spending services has surpassed the capabilities of banks relying on outdated legacy technology. Recognising the need for a digital-first credit solution to fuel India’s growth, PayU introduced LazyPay, a loan and Buy-Now-Pay-Later service.

To enhance the Lazypay experience, PayU wants to streamline real-time financial statement generation, simplify multi-account management, and build customised features.

The solution

PayU partnered with Thought Machine to deploy Vault Core. Our initial focus was migrating LazyPay’s BNPL product and accounts onto Vault Core. This was accomplished in under a year, facilitated by our Migration APIs, engineering support, and thorough documentation. After a seamless migration, PayU is poised to provide an advanced lending and credit service through LazyPay, featuring personalised features that set a new industry standard.


As we navigate the evolving landscape of financial technology in India, our collaboration with Thought Machine emphasises our commitment to pioneering innovative solutions. Vault Core's seamless integration and scalability perfectly align with our vision to revolutionise the lending and credit landscape. We are excited to continue leveraging these capabilities to deliver better financial services to our customers.

Ramesh Mantripragada
PayU Finance
Our story

Based in the Netherlands, PayU is a prominent payment provider serving multiple markets, including India. Offering a comprehensive suite of 100+ payment methods, PayU has become the preferred payment partner for major e-commerce and airline industry players.

Following its success in payments, PayU entered the credit market by building a personal loan and pay later service: Lazypay. Lazypay aims to bridge the innovation gap for SMEs, addressing a $5 trillion annual unmet credit need and offering stress-free loans. LazyPay's rapidly expanding solution enables customers to access interest-free loans at over 45,000 online merchants in India.

Following the successful migration of LazyPay’s products and customers to Vault Core, PayU’s visionary roadmap includes leveraging our Universal Product Engine to build and deploy innovative lending and credit products. Smart contracts will allow PayU to design highly personalised financial products at scale, addressing the distinct requirements of businesses and consumers with unparalleled precision.

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