Computop, one of the leading payment service providers, and PayU, a leading payment service provider in emerging markets, recently announced a partnership that offers retailers with payment solutions for high growth markets around the world.
About 90 percent of the global population under 30 years of age is living in emerging markets.
With e-commerce in developing economies growing twice as fast as in most developed markets, this partnership helps retailers to capitalize on these growth opportunities and expand their online and mobile business into multiple regions, including India, Latin America, Central and Eastern Europe, Russia, and Africa.
“In order to efficiently and cost-effectively capitalize on the myriad of opportunities in emerging markets, retailers require the ability to successfully process payments online and offer payment solutions that match consumer behaviors in each of these markets,” said Mark van der Sluis, Director Partnerships, PayU. “We enable more than 160,000 companies around the world to do just that. We are excited that through our partnership with Computop, Paygate customers are now able to offer all of the payment options that consumers in these rapidly growing regions desire, while benefitting from the local support and deep knowledge we offer along with the security and fraud prevention they trust from Paygate.”
“To be successful globally, the payment solutions that retailers offer need to address the specific needs of local consumers in their target markets,” said Andre Malinowski, Head of International Business at Computop. “We have a long, established track record of helping retailers successfully grow their businesses in Europe, North America and China. Through our partnership with PayU, we are able to offer our customers the opportunity to expand further into new, emerging markets by offering the payment options that consumers in these markets prefer and trust. Computop Paygate now provides retailers access to over 250 secure payment methods and acquirers worldwide, in addition to top-notch fraud prevention functionality, to safely conduct business on a truly global scale.”
