– The integration will make it easier for international brands to enter the Indian market
NEW DELHI, March 3, 2022 /PRNewswire/ — PayU has partnered with VTEX, one of the world’s largest digital commerce platforms, to offer multiple payment solutions for VTEX merchants. The unique integration by VTEX to support their merchants in India will provide businesses with seamless access to PayU’s payment solutions. The integration aims to simplify payment methods for merchants using the VTEX platform. The PayU platform will be available to VTEX traders when doing business in India.
The integration will give direct access to several local payment methods in India including credit cards, debit cards, UPI, wallets, online banking and others. VTEX merchants include global players operating in different industries.
The integration will provide VTEX merchants with affordability and accessibility features and increase transaction volumes. By using PayU, VTEX merchants can provide consumers with personalized banking offers on debit and credit cards, making shopping more affordable and improving business. Additionally, merchants can monitor trade performance, initiate refunds, access transaction data, view transaction trends and reports directly from the VTEX dashboard itself, without switching applications. The integration will also pave the way for international brands to enter the Indian market and reduce the time to go live as payment methods will be faster and easier for consumers.
Mohit GopalSenior Vice President, PayU India, noted, “In addition to providing VTEX merchants with payment solutions specific to the Indian market, we are excited to offer them a deals engine option. Increasing affordability for retail consumers is a key goal of PayU and With the Deals Engine option, merchants can increase sales, bring in new customers, and increase ticket sizes. We can’t wait to see the great things VTEX merchants do with this integration.”
“Our strategic alliance with PayU will allow us to better position our e-commerce solution with merchants in India. Enabling a pre-integrated, out-of-the-box, out-of-the-box payment solution will enable customers using VTEX’s e-commerce platform to accelerate revenue generation, access all the different payment methods and to access the high quality service provided by PayU India,” says Pablo Che León, Customer Success Manager for VTEX in Asia.
About PayU India
PayU is regulated by the Reserve Bank of India and offers solutions to meet the digital payment needs of Indian merchants. It provides online payment solutions for businesses through local payment methods. PayU also developed LazyPay in 2017, an alternative lending platform to provide credit solutions.
SOURCE PayU India