PayU, a leading online payment solution, has announced its partnership with PayPal, an American multinational fintech company. The strategic partnership aims to improve the cross border payment experience for Indian merchants.
i.PayU will leverage PayPal ISU2.0 API(Application Programming Interface) to provide customers access to a more personalized , secure and inclusive payment experience.
ii.It will provide a more efficient merchant onboarding process which is directly linked with PayU dashboard. Also, it will allow Indian merchants to open accounts with PayPal, using an Artificial intelligence (AI)-driven approach that reduces drop-offs and enables real-time activation.
iii.It will offer customers various payment methods at checkout like: PayPal, PayPal Pay later, and various local Alternative Payment Methods(APMs).
About PayPal:
Chairman: John J. Donahoe
Headquarters: California, United States of America(U.S.A.)
Established: 1998