PayU TDS Reconciliation CRM Developed By Webkype
Enterprise-Grade Automated TDS Management System for Large-Scale FinTech Operations
Overview
The PayU TDS Reconciliation CRM is a custom-built enterprise solution designed to automate, reconcile, and manage Tax Deducted at Source (TDS) for large merchant ecosystems. Developed by Webkype, this platform addresses complex compliance, reconciliation, and reporting challenges faced by one of India’s leading digital payment companies.
With 8,000+ merchants, massive transaction volumes, and strict regulatory requirements, PayU required a scalable, accurate, and fully automated reconciliation system that integrates seamlessly with its financial, ERP, and compliance infrastructure.
What Is PayU?
PayU is a global FinTech and digital payments company, offering payment gateway services, merchant acquiring solutions, credit products, and value-added financial services. Founded in 2002, PayU operates across India, Asia, Europe, Latin America, and Africa, serving enterprises, startups, and SMBs.
PayU is a subsidiary of Prosus N.V., a global consumer internet group, and plays a critical role in enabling digital commerce, financial inclusion, and online payments at scale.
Core PayU Offerings
- Online payment gateway & payment aggregation
- UPI, cards, wallets, net banking
- Merchant risk & fraud management
- Digital lending & credit products
- Value-added SaaS payment services
PayU Financials & Market Position
Revenue & Scale
- FY25 PayU India Revenue: ~₹5,700+ crore (~$650–670 million)
- Payments Business Revenue: ~$498 million
- YoY Growth: ~20–24%
- Global PayU Revenue: ~$1.1 billion
Market & Operational Stats
- Serves thousands of enterprises and 8,000+ active merchants
- Processes billions of dollars in transaction volume annually
- Strong presence in UPI, enterprise payments, government, airline, and e-commerce segments
- Credit arm disbursed $1+ billion in loans, expanding PayU’s fintech footprint
PayU is positioned as a top payment gateway and fintech infrastructure provider in India, operating at massive scale with strict regulatory oversight.
Business Challenge
As PayU scaled rapidly, its finance and compliance teams faced growing challenges:
1. Massive TDS Data Volume
Managing TDS across thousands of merchants resulted in:
- High transaction complexity
- Large reconciliation datasets
- Slower month-end and year-end closures
2. Manual & Error-Prone Reconciliation
Legacy processes relied heavily on:
- Spreadsheets
- Manual matching
- Human verification
This increased error rates and operational risk.
3. Form 26AS Mismatches
Discrepancies between:
- PayU’s internal accounting systems
- Government Form 26AS tax credit statements
Led to risks of:
- Lost tax credits
- Compliance notices
- Financial penalties
4. Integration Complexity
PayU required a solution that worked seamlessly with:
- SAP ERP
- OCR-based document ingestion
- KYC & compliance APIs
- Internal finance systems
Solution: PayU TDS Reconciliation CRM
Webkype designed and delivered a centralized, automated TDS reconciliation CRM, purpose-built for PayU’s scale and compliance needs.
What Webkype Delivered to PayU
🔹 1. Custom Enterprise TDS Reconciliation CRM
- Centralized all TDS data across 8,000+ merchants
- Created a single source of truth for TDS compliance
- Eliminated spreadsheet-based reconciliation
🔹 2. Automated Reconciliation Engine
- Automated matching of internal records with Form 26AS
- Real-time detection of mismatches and missing credits
- Reduced reconciliation cycles from weeks to near real time
🔹 3. Merchant-Wise & Period-Wise Visibility
- Merchant-level dashboards
- Financial year and quarter-wise reconciliation views
- Status tracking for reconciled, pending, and disputed TDS
🔹 4. Advanced Dashboards & MIS Reporting
- Real-time reconciliation status
- Exception-based reporting
- Audit-ready MIS and compliance reports
Supported statutory audits and internal governance.
🔹 5. ERP, OCR & Compliance Integrations
Seamless integrations with:
- SAP ERP
- OCR systems for document ingestion
- KYC & compliance APIs
- Internal PayU finance workflows
Ensured end-to-end automation with no operational silos.
🔹 6. Scalable, Secure Architecture
- Built on React.js (frontend) and Node.js (backend)
- API-driven microservices architecture
- Role-based access control and audit trails
- Designed to process millions of transactions reliably
🔹 7. Deployment, Training & Knowledge Transfer
- On-time deployment within the financial year
- Hands-on training for PayU finance and operations teams
- Complete documentation and process workflows
Business Impact & Results
✔ Significant reduction in manual reconciliation effort
✔ Improved accuracy of TDS credit recognition
✔ Faster month-end and year-end closures
✔ Reduced compliance risk and penalties
✔ Scalable platform aligned with PayU’s growth trajectory
