PayU partners PayPal to improve cross-border payments for Indian merchants

  • IANS
  • Stock Market News
PayU partners PayPal to improve cross-border payments for Indian merchants
Credit: © Reuters.

New Delhi, April 9 (IANS) Leading online payment solutions provider PayU on Tuesday announced its partnership with the US-based fintech company PayPal (NASDAQ: PYPL ) to enhance the cross-border payment experience for Indian merchants.

Through this partnership, the company will leverage the PayPal ISU 2.0 Checkout to offer customers a more personalised and inclusive payment experience.

"Integrating PayPal's ISU 2.0 API (Application Programming Interface) sets a new standard for our payment services, benefiting our merchants who are looking to expand globally," Nikhil Mehta, Senior VP - Partnerships & Payments Strategy at PayU, said in a statement.

With this integration, customers will get the flexibility to choose from a variety of payment methods at checkout, including PayPal, PayPal Paylater, and various local Alternative Payment Methods (APMs) from customers outside India, such as Apple (NASDAQ: AAPL ) Pay, Venmo, Discover, MyBank, GiroPay, Blik, SoFort, Bancontact, and Trustly, among others, where available.

PayPal ISU 2.0 facilitates a more efficient merchant onboarding process directly within the PayU dashboard, allowing Indian merchants to open accounts with PayPal, using an API-driven approach that reduces drop-offs and enables real-time activation, according to the company.

This improved onboarding experience, combined with a fully integrated payment journey for customers, is expected to improve success rates, potentially leading to increased revenue for PayU’s extensive global merchant network.

--IANS

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  • thebangalore dhaba @thebangalore dhaba
    PayU, a leading online payment service provider, has partnered with PayPal to enhance cross-border payment solutions for Indian merchants.
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