India's Unocoin users will be able to buy Bitcoin via PayUmoney fiat wallet

Unocoin, India’s Bitcoin Company announced its association with PayUmoney, one of the leading digital payments solutions providers in India. The partnership enables Unocoin users to buy Bitcoin using PayUmoney Wallet, hence giving them more alternatives than restricting to NEFT/IMPS/RTGS transfers.



“The partnership with PayU is coming at a time when we are seeing a huge increase in the number of wallet users in India. The ease with which payments can be made via wallets like PayU is certainly going to benefit the Bitcoin buyers and increase accessibility to Bitcoin markets. This is our Christmas gift to Unocoin users” - says Sathvik Vishwanath, CEO, Unocoin.



To buy Bitcoin with PayU money, Unocoin users will have to create a registered PayU wallet. Both the Unocoin wallet and PayU wallet must be registered under the same mobile number. The user needs to load his PayU wallet using debit/credit card/internet banking and then can log into the Unocoin wallet and select the buy with PayU money option under the ‘Buy Bitcoin’ tab. Once the payment is confirmed, the user will receive the requested amount of Bitcoin in their Unocoin Wallet.



Unocoin had recently launched its mobile app on iOS and Android, becoming the first company in India to offer a full featured mobile bitcoin app. The app offers 24/7 access to real-time bitcoin market prices and instantaneous trading transactions. In another development, Unocoin had previously opened up its API for public to build businesses over its services.