PayPal and PayU collaborate to increase international transactions
By MYBRANDBOOK
PayPal and PayU have teamed to improve international payments for Indian retailers. PayPal, PayPal Pay Later, and local alternative payment methods are just a few of the payment options that the integration provides to users. PayU's worldwide merchant network may see an increase in revenue as a result of PayPal ISU 2.0's improved payment success rates and streamlined merchant onboarding.
Through this collaboration, PayU will leverage the PayPal ISU 2.0 Checkout to offer customers a more personalized and inclusive payment experience. Customers will now enjoy 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 Pay, Venmo, Discover, MyBank, GiroPay, Blik, SoFort, Bancontact, and Trustly, among others, where available. This integration streamlines the payment process and caters to the diverse preferences of international customers, significantly increasing the likelihood of completing purchases.
Nikhil Mehta, Senior Vice President - Partnerships & Payments Strategy at PayU said, “The partnership between PayU and PayPal is a big step forward for us and our merchants. Integrating PayPal's ISU 2.0 API sets a new standard for our payment services, benefiting our merchants who are looking to expand globally.”
PayPal ISU 2.0 facilitates a more efficient merchant onboarding process directly within the PayU dashboard. This allows Indian merchants to open accounts with PayPal, using an API-driven approach that reduces drop-offs and enables real-time activation. This improved onboarding experience, combined with a fully integrated payment journey for customers, is anticipated to enhance success rates, potentially leading to increased revenue for PayU’s extensive global merchant network.
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