PayU Extends Offering to Wix Users to Serve E-commerce Demand from SMBs in Wake of COVID-19
- 15.12.2020 01:04 pm
Today, PayU, the e-payments and fintech division of Prosus, announces the expansion of its offering to users of Wix eCommerce, a leading cloud-based web development platform, to serve small & medium-sized businesses (SMBs) in Poland, the Czech Republic and Colombia. The partnership leverages the PayU Hub, a single API integration for global borderless online payments, and Wix’s e-commerce platform to enable fast, safe online payments for SMB merchants.
PayU has been integrated with the Wix eCommerce platform for merchants in India and Turkey since 2017. After integrating its payments services with Wix, iyzico (PayU Turkey) has seen an increase of 35% in the number of active merchants on the platform and of 115% in payment volumes from Q2 to Q3 2020.
Today’s announcement builds on the success of the PayU and Wix partnership in these markets, with the expansion of services to Poland, Czech Republic and Colombia. The ability to offer online purchases and digital payments became vital for many merchants overnight, particularly SMBs, in the wake of lockdowns with these three countries identified as having the strongest growth opportunities.
In Colombia, for example, PayU recorded a 48% increase in the number of SMB merchants onboarded in September 2020, compared to the same time last year.
Oren Levy, Chief Business Development Officer of Global Payments at PayU, said: “Today’s announcement is the next step in what has already proven to be a highly beneficial partnership. We are excited to replicate the success we’ve seen in India and Turkey and extend our combined services to SMB merchants operating in Poland, Czech Republic and Colombia at this crucial time. Since the start of the COVID-19 pandemic, we’ve seen changes in consumer behaviours that would usually take decades happen in a matter of weeks. For merchants, the ability to transact quickly and seamlessly across borders can open up exponential opportunities”.