PayU Latam Enables Your Site To Receive Alternate Payments in Latin America

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Secure Access to 90% of Latin American Customers Without A Credit Card

PayU Group brings together businesses processing online payments in Central and Eastern Europe, Latin America, South Africa and India.

PayU Latam, the payment processing system trusted by thousands of customers and companies including Amway, Groupon, Sony, Google, and Direct TV, announces the opportunity for e-merchants to sell to millions of customers who do not have international credit cards, by registering for an account on its platform in seven Latin American countries: Argentina, Brazil, Chile, Colombia, Mexico, Panama and Peru.

It’s never been easier for prospective customers to find products everywhere in the world simply by logging onto their computers. More electronic connections than ever before is only the first step in putting services and products together with new clients and customers. PayU Latam has unique expertise in facilitating payments and guaranteeing delivery of payments to client companies.

In Latin America, eighty percent of digital goods and services are purchased from international suppliers while only 10% of Latin Americans have credit cards. PayU Latam closes the gap between the demand for products sold by companies in United States or Europe and the inability of an untapped consumer market to use sites that are only equipped to process international credit cards.

Businesses or individuals located in the United States or around the world can create a PayU Latam account to become merchants in several countries and offer customers simple, reliable ways to pay. This revolutionary capacity places companies inside a new market overnight, without the need to set up multiple international bank accounts, complete expensive and time-consuming processes of establishing branches in each country. Both post integration or website integration services are available. Open source shopping carts and plugins make the experience as convenient as possible.

PayU Latam’s co-founder Martin Schrimpff discussed expanding to new markets, highlighting PayU Latam’s on-the-ground presence and knowledge of markets it gives clients access to as sellers. PayU Latam has partnered with local stores and banks where customers can make payments in cash or numerous alternatives. These payment methods include Visa, Mastercard, American Express, Diners, local cards and cash payments delivered to partner stores or banks.

PayU Latam integrates regional presence with one system that can navigate multiple currencies and languages. Its anti-fraud module has been tested for a decade and is supported by staff on the ground in each country - strengthening and monitoring connections and relationships. It achieve higher rates of approval and lower rates of fraud than conventional international mechanisms.

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About PayU Latam

PayU Latam is the payment platform for PayU Group, a company that represents companies dealing with online payments in Europe, Asia, Africa and Latin America.
The PayU Brand enters the Latin American market operated by Pagosonline, a company with more than ten years of experience in payment solutions in the region. It is recognized by companies such as PCI DSS and Veracode for its security standards within the cardholder information and the development of the transactional platform and related services.

PayU LatAm enables international e-commerce websites to accept local payments in made in the buyer’s region via more than 70 payment types, including local credit cards, local bank transfers and local cash deposits, eliminating the need for companies to set up branches or bank accounts in each country where their products are purchased.

With more than 130,000 clients, PayU LatAm adapts to the markets’ needs. It is suitable for any type or size of company and also for individual sellers. It provides e-commerce merchants to securely expand their market to Latin American consumers who do not hold international credit cards.

About PayU Group

PayU Group brings together businesses processing online payments in Central and Eastern Europe, Latin America, South Africa and India. It boasts an established position in many local markets and the trust of hundreds of thousands customers. Companies forming the PayU Group aim to integrate existing e-payment services, provide technology for new e-payment services and offer tools for e-commerce to develop. These businesses are owned by Naspers MIH – a media multinational corporation offering solutions based on media and communication technologies worldwide. With fifteen years of experience on three continents, PayU develops effective and secure settlement tools used by the biggest websites.

PayU has reached over 360 million Internet users in more than a dozen countries. The international group operates in Poland, the Czech Republic, Romania, Russia, Turkey, Hungary and Ukraine. In 2012 the PayU band was joined by companies processing payments in South Africa, India, Colombia, Mexico, Panama and Peru. It now serves seven countries via the LatAm division.

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Martin Schrimpff
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