MOBILE PAYMENTS
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Naspers-owned PayU , a payment technology provider for online merchants established in 2002 , processes around 1.2mn transactions every day and has established itself as a leading financial services provider worldwide . Serving merchants across the entire ecommerce spectrum , PayU specialises in simplifying cross-border payments with its easily integrable PayU Hub , which connects enterprises to 18 markets and over 250 payment methods . Across those markets , which include Asia , Central and Eastern Europe , Latin America , the Middle East and Africa , PayU facilitates payments for around 2.3bn consumers .
Mario Shiliashki , CEO for the Europe , Middle East and Africa ( EMEA ) region at PayU , highlights Central and Eastern Europe as a particular hotspot for demand for cross-border payments . As a collection of smaller markets where businesses and consumers alike are more likely to engage in cross-border trade , PayU understands the importance of having accessible , functional and reliable payment infrastructure in place . “ The interesting thing about Europe is that , even if you ’ re an SME , you ’ re thinking about opportunities beyond your local market ,” says Shiliashki . “ We offer these merchants
MAY 2019