The online payments segment in India is said to be hypercompetitive and commercially tough. But Jitendra Gupta, managing director at PayU Payments India and founder of Citrus Pay, doesn’t believe so.

During a fireside chat with Norwest Venture Partners India MD Niren Shah, at the News Corp VCCircle FinServ Summit, Gupta challenged these perceptions and said PayU and Citrus Pay will together turn profitable this year.

Watch the discussion here.

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