As the financial partner of online merchants in emerging markets, we’re constantly watching the latest global trends in e-commerce. If you are as passionate about the future of financial services and cross-border e-commerce as we are, keep reading.
Value of European e-commerce market
Value of e-commerce in Latin America in 2021
Value of India’s online shopping sector
Value of African e-commerce by the end of 2022
You were born online, you’ve cracked your first million in annual sales, and you’re already active in multiple markets. The world is yours, but where to go next?
Emerging e-commerce leaders are fast growing online or omnichannel businesses with big ambitions to be the stand-out brand in their sector. They understand the need to use state-of-the-art technology to uplift revenues and are looking for trusted partners to expand into exciting high-growth markets.
PayU believes these businesses are fundamental to the future of global commerce.
Never-ending drive to improve conversion rates by optimizing the checkout process.
See international markets as the best channel for new customer acquisition and long-term growth.
Seek to solve problems by incorporating new and innovative technology.
Actively looking for solutions to realize the potential of emerging markets.
Want seamless tools to ensure compliance with local regulations.
Rely on local experts and know-how for meeting local preferences.
is predicted to be worth $3.9 trillion USD globally by the end of 2020.
has massively accelerated e-commerce growth – especially in emerging markets. With the right ingredients now in place, this is set to have a lasting impact.
live in emerging markets. As a group, emerging economies now account for almost 60 percent of global GDP, up from just under half only a decade ago.
will be driven by emerging markets. The 10 economies with the highest projected growth rates for the next four years are all in Africa or Southeast Asia.
are not as common in emerging markets. Credit card penetration in India is only 4%.
alternative payment methods represent as many as two-thirds of all payments. Local payment methods account for 68% of online spend in Latin America.
When expanding internationally, local payment methods are an important part of localizing your offering for emerging markets. Local payments build trust, have higher conversion rates, and help you to meet your customers where they are.
To realize the full potential of a new market, emerging e-commerce leaders require payment technologies that localize the shopping experience and make checking out frictionless, safe, and familiar.
At the same time, they require global solutions that allow their business to meet local payment needs across multiple diverse geographies.
PayU combines the reliability and stability of a global financial services group with the innovation and agility of a fintech. PayU’s customers benefit from a stable and consistent global payments platform in addition to relentless product innovation.
View global payment solutions
Through a single integration via one global API, PayU enables access to hundreds of local payment methods and any global market.
Learn more about PayU orchestration platform
PayU acts in different markets as a processor, an acquirer and a gateway, helping emerging e-commerce leaders to accelerate their growth and generate higher revenues through a range of mechanisms that ensure a higher number of completed transactions.
Explore payment optimization features
PayU ensures security is at the forefront of product and process, removing concerns particularly for merchants with limited resources and regulatory expertise.
Learn more about payment security at PayU
By providing market-leading payments technology and working with local acquirers for merchants’ benefit, PayU enables higher conversion and approval rates for subscription services, helping merchants to capitalize on the growing global market for subscription goods and services.
See partnership solutions
Thanks to our depth of experience in local markets, we offer a range of value-added services to reduce internal administrative burden, streamline processes, and reduce fraud and chargebacks, acting as an extension of your e-commerce team.
Get in touch to learn more
Eager to explore how PayU can revolutionize your payment strategies? Meet us at MPE Berlin
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