New Delhi, April 9: Leading online payment solutions provider PayU on Tuesday announced its partnership with the US-based fintech company PayPal to enhance the cross-border payment experience for Indian merchants. Through this partnership, the company will leverage the PayPal ISU 2.0 Checkout to offer customers a more personalised and inclusive payment experience.

"Integrating PayPal's ISU 2.0 API (Application Programming Interface) sets a new standard for our payment services, benefiting our merchants who are looking to expand globally," Nikhil Mehta, Senior VP - Partnerships & Payments Strategy at PayU, said in a statement. Bajaj Allianz Life Insurance Partners With Meta To Introduce Premium Payment Options on WhatsApp.

With this integration, customers will get the flexibility to choose from a variety of payment methods at checkout, including PayPal, PayPal Paylater, and various local Alternative Payment Methods (APMs) from customers outside India, such as Apple Pay, Venmo, Discover, MyBank, GiroPay, Blik, SoFort, Bancontact, and Trustly, among others, where available.

PayPal ISU 2.0 facilitates a more efficient merchant onboarding process directly within the PayU dashboard, allowing Indian merchants to open accounts with PayPal, using an API-driven approach that reduces drop-offs and enables real-time activation, according to the company. India Now Has One of Largest Web3 Ecosystems in World With Over 1,000 Startups and 35 Million Traders: Report.

This improved onboarding experience, combined with a fully integrated payment journey for customers, is expected to improve success rates, potentially leading to increased revenue for PayU’s extensive global merchant network.

(The above story first appeared on LatestLY on Apr 09, 2024 03:52 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).