PayU's International Payments Business Volume Doubles in 2019

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PayU currently enables over 100k merchants with its international payments offering; SME merchant base for international payments has grown 4x in the last one year
The company is targeting a 5X growth in international payments business over the next one year; with SME's continuing to be the major focus area driving this growth
Commenting on the growth, Gurjodhpal Singh -Senior Vice President, Growth Initiatives - PayU India, said "We are very pleased with such aggressive growth in our international payments business despite the overall global economic slowdown. PayU leverages state-of-the-art 'API first' design and a single integration to address challenges in international payments, providing merchants access to more than 2.3 billion potential new customers in major high growth markets. Building on the existing success, we are targeting a 5X growth in international payments business over the next one year, with SME's continuing to be our major focus area in driving this growth. Various innovations including the use of artificial intelligence and machine learning based risk monitoring for fraud detection and security will power our growth."

Nitin Mehra, e-commerce manager, Ethos Watches said, " It's been a pleasure working with PayU for collecting international payments on our website with effective risk management on international payments offering. PayU has advanced fraud monitoring tools and a dedicated team that caters to the fraud-related queries with real-time updates. Also, we receive timely assistance on our queries around decline in transaction through the dashboard."
Smriti Sain, proprietor of Chiaroscuro from New Delhi said, "PayU has made it seamless for our international customers to buy beautiful Made in India leather bags directly from our webstore. The transaction speed and success rates are encouraging and have helped us feel confident of servicing customers worldwide. We've seen a doubling of our overseas conversions since we started working with PayU. Their customer services are ever available, fast and very helpful and as a merchant, this is all the support we need."

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