anywhere in the world .” With a strong sense of advancement and a focus on innovation , Shiliashki highlights PayU ’ s endeavours to augment consumers ’ payments with additional financing options . “ Around the world , we increasingly partner with both banks and independent financial institutions to enable consumer credit options ,” he says . “ We partner with a number of players in various markets around the world to be able to provide a seamless buy now , pay later checkout experience .” Shiliashki adds that the company is also exploring merchant credit options as well , broadening the scope of its offering even further .
Looking at the financial services industry from an even higher level , Shiliashki notes the new open banking infrastructure in Europe as a result of Payment Services Directive 2 ( PSD2 ), as a particularly disruptive industry shift . This advancement of the original legislative framework of PSD seeks to advocate the rise of fintech firms by enabling them to engage directly with consumers in the same manner as big banks . With a customer ’ s permission , payment solution providers and
57 www . fintechmagazine . com