PayU is the trading name of PayU Payments Private Limited, a company registered in India. The company was founded in 2002 by Jose Velez, Martin Schrimpff, Arjan Bakker, Grzegorz Brochocki, Nitin Gupta, Shailaz Nagby.

PayU belongs to the Prosus N.V. group, a company registered in Amsterdam. Consequently, PayU is headquartered in Hoofddorp, Netherlands.

The company has made over $800 million in acquisitions and investments over the past 10 years.